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P27Y
P2Y
P90D
11
On or after October 1, 2016, we may redeem some or all of the Notes at a premium that will decrease over time. In addition, at any time and from time to time prior to October 1, 2016 the Issuers may redeem up to 35% of the aggregate principal amount of the Notes using the proceeds of one or more equity offerings.
2020-01-10
Interest on the Notes will be payable semi-annually on April 1 and October 1 of each year, commencing on April 1, 2014
Semi-annually
200000000
1.01
100000000
12000000
2500000
1.50
MPW
MEDICAL PROPERTIES TRUST INC.
false
Large Accelerated Filer
2013
10-Q
2013-09-30
0001287865
--12-31
Q3
0.53
0.53
0.60
0.40
<div>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Variable Interest Entities</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
At September 30, 2013, we had loans to and/or equity investments in
several variable interest entities (“VIEs”) for which
we are not the primary beneficiary. The carrying value and
classification of the related assets and maximum exposure to loss
as a result of our involvement with these VIEs are presented below
at September 30, 2013 (in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="84%" align="center"><!-- Begin Table Head -->
<tr>
<td width="51%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td width="22%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom" nowrap="nowrap">
<p style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 33.6pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<b>VIE Type</b></p>
</td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Maximum
Loss</b><br />
<b>Exposure(1)</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" nowrap="nowrap" align="center">
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt" align="center"><b>Asset Type</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt" align="center"><b>Classification</b></p>
</td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Carrying</b><br />
<b>Amount(2)</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Loans, net</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">283,157</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" align="center">Mortgage and other loans</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">229,646</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Equity investments</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">19,519</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" align="center">Other assets</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">5,079</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<!-- End Table Body --></table>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left">(1)</td>
<td valign="top" align="left">Our maximum loss exposure related to
loans with VIEs represents our current aggregate gross carrying
value of the loan plus accrued interest and any other related
assets (such as rent receivables), less any liabilities. Our
maximum loss exposure related to our equity investment in VIEs
represents the current carrying values of such investment plus any
other related assets (such as rent receivables) less any
liabilities.</td>
</tr>
</table>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left">(2)</td>
<td valign="top" align="left">Carrying amount reflects the net book
value of our loan or equity interest only in the VIE.</td>
</tr>
</table>
<p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px">
</p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
For the VIE types above, we do not consolidate the VIE because we
do not have the ability to control the activities (such as the
day-to-day healthcare operations of our borrower or investee) that
most significantly impact the VIE’s economic performance. As
of September 30, 2013, we were not required to provide financial
support through a liquidity arrangement or otherwise to our
unconsolidated VIEs, including circumstances in which it could be
exposed to further losses (e.g., cash short falls).</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Typically, our loans are collateralized by assets of the borrower
(some assets of which are on the premises of facilities owned by
us) and further supported by limited guarantees made by certain
principals of the borrower.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
See Note 3 for additional description of the nature, purpose and
activities of our more significant VIEs and interests therein.</p>
<!-- xbrl,n -->
</div>
149517000
<div>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>3. Real Estate and Lending Activities</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Acquisitions</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<u>2013 Activity</u></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On September 26, 2013, we acquired three general acute care
hospitals from affiliates of IASIS Healthcare LLC
(“IASIS”) for a combined purchase price of $283.3
million (including a commitment to provide approximately $2.0
million for improvements to a fourth hospital that we already own).
Each of the facilities will be leased back to IASIS under leases
with initial 15-year terms plus two renewal options of five years
each, and consumer price-indexed rent increases limited to a 2.5%
ceiling annually. The lessees will also have a right of first
refusal option with respect to subsequent proposed sales of the
facilities. All of our leases with affiliates of IASIS will be
cross-defaulted with each other. In addition to the IASIS
acquisitions transactions, we have amended our lease with IASIS for
the Pioneer Valley Hospital in West Valley City, Utah, which
extended the lease to 2028 from 2019 and adjusted the rent.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On July 18, 2013, we acquired the real estate of Esplanade
Rehab Hospital in Corpus Christi, Texas (now operating as Corpus
Christi Rehabilitation Hospital) for $15.8 million (including a
$0.5 million commitment to acquire adjacent land and leased the
facility to an affiliate of Ernest Health Inc.
(“Ernest”) under the master lease agreement entered
into with Ernest in 2012 that initially provided for a 20-year term
with three five-year extension options, plus consumer price-indexed
rent increases, limited to a 2% floor and 5% ceiling
annually.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On June 11, 2013, we acquired the real estate of two acute care
hospitals in Kansas from affiliates of Prime Healthcare Services,
Inc. (“Prime”) for a combined purchase price of $75
million and leased the facilities to the operator under a master
lease agreement. The master lease is for 10 years and contains two
renewal options of five years each, and the rent increases annually
based on the greater of the consumer price-index or 2%. This lease
is accounted for as a direct financing lease
(“DFL”).</p>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<u>2012 Activity</u></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On September 19, 2012, we acquired the real estate of the 380 bed
St. Mary’s Regional Medical Center, an acute care hospital in
Reno, Nevada for $80 million and the real estate of the 140 bed
Roxborough Memorial Hospital in Pennsylvania for $30 million. The
acquired facilities are leased to Prime pursuant to a master lease
agreement.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On July 3, 2012, we funded a $100 million mortgage loan secured by
the real property of Centinela Hospital Medical Center. Centinela
is a 369 bed acute care facility that is operated by Prime. This
mortgage loan is cross-defaulted with other mortgage loans to Prime
and the master lease agreements.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On February 29, 2012, we made loans to and acquired assets from
Ernest for a combined purchase price and investment of $396.5
million (“Ernest Transaction”).</p>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 8%; FONT-SIZE: 10pt">
<i>Real Estate Acquisition and Mortgage Loan Financing</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Pursuant to a definitive real property asset purchase agreement, we
acquired from Ernest and certain of its subsidiaries (i) a
portfolio of five rehabilitation facilities (including a ground
lease interest relating to a community-based acute rehabilitation
facility in Wyoming), (ii) seven long-term acute care facilities
located in seven states and (iii) undeveloped land in Provo, Utah
(collectively, the “Acquired Facilities”) for an
aggregate purchase price of $200 million, subject to certain
adjustments. The Acquired Facilities are leased to subsidiaries of
Ernest pursuant to a master lease agreement. The master lease
agreement has a 20-year term with three five-year extension options
and provided for an initial rental rate of 9%, with consumer
price-indexed increases, limited to a 2% floor and 5% ceiling
annually thereafter. In addition, we made Ernest a $100 million
loan secured by a first mortgage interest in four subsidiaries of
Ernest, which has terms similar to the leasing terms described
above.</p>
<p style="PAGE-BREAK-BEFORE: always; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">
</p>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 8%; FONT-SIZE: 10pt">
<i>Acquisition Loan and Equity Contribution</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Through an affiliate of one of our TRSs, we made investments of
approximately $96.5 million in Ernest Health Holdings, LLC, which
is the owner of Ernest. These investments are structured as a $93.2
million acquisition loan and a $3.3 million equity
contribution.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The interest rate on the acquisition loan is 15%. Ernest is
required to pay us a minimum of 6% and 7% of the loan amount in
years one and two, respectively, and 10% thereafter, although there
are provisions in the loan agreement that are expected to result in
full payment of the 15% preference when funds are sufficient. Any
of the 15% in excess of the minimum that is not paid may be accrued
and paid upon the occurrence of a capital or liquidity event and is
payable at maturity. The loan may be prepaid without penalty at any
time.</p>
<p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px">
</p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
As part of these acquisitions, we purchased and invested in the
following: (in thousands)</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center"><!-- Begin Table Head -->
<tr>
<td width="78%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Land</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">16,220</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Building</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">265,030</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net investments in direct financing leases</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">85,000</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">310,000</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Mortgage loans</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">200,000</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Other loans</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,250</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">93,200</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Equity investments</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">3,300</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Total</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">371,500</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">606,500</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
From the respective acquisition dates, the properties and mortgage
loans acquired in 2013 contributed $2.9 million and $3.3 million of
revenue and income (excluding related acquisition expenses),
respectively, for the three and nine month periods ended September
30, 2013, respectively. In addition, we incurred $1.6 million and
$1.6 million of acquisition related costs on the 2013 acquisitions
for the three and nine months ended September 30, 2013.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The purchase price allocation attributable to the IASIS facilities
is preliminary as we are waiting on additional information to
perform our final analysis. When all relevant information is
obtained, resulting in changes, if any, to our provisional purchase
price allocation will be retrospectively adjusted to reflect new
information obtained about the facts and circumstances that existed
as of the respective acquisition date that, if known, would have
affected the measurement of the amounts recognized as of that
date.</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
The results of operations for each of the properties acquired are
included in our consolidated results from the effective date of
each acquisition. The following table sets forth certain unaudited
pro forma consolidated financial data for 2012, as if each
acquisition in 2013 and 2012 were consummated on the same terms at
the beginning of 2012 and 2011, respectively. Supplemental pro
forma earnings were adjusted to exclude acquisition-related costs
on consummated deals incurred in the three and nine months ended
September 30, 2012 ($ amounts in thousands, except per
share/unit data).</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 18pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
 </p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
</p>
<table style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; LETTER-SPACING: normal; FONT-SIZE: 10pt; WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" border="0" cellspacing="0" cellpadding="0" width="92%" align="center">
<tr style="LINE-HEIGHT: 0pt; VISIBILITY: hidden; COLOR: white">
<td width="66%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td style="FONT-SIZE: 8pt" nowrap="nowrap"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td style="FONT-SIZE: 8pt" nowrap="nowrap"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td style="FONT-SIZE: 8pt" nowrap="nowrap"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td style="FONT-SIZE: 8pt" nowrap="nowrap"></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Three Months Ended<br />
September 30,</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Nine Months Ended<br />
September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Total revenues</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">65,518</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">63,695</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">196,708</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">188,339</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">29,366</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">37,091</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">89,570</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">92,620</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income per share/unit — diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.18</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.25</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.55</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.63</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
</table>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 24pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
<i>Development Activities</i></p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On June 11, 2013, we entered into a master funding and development
agreement with First Choice ER, LLC (“First Choice”) to
develop up to 25 freestanding emergency room facilities for a
maximum aggregate funding of $100 million. During the third quarter
of 2013, we began construction on two of these emergency room
facilities in Dallas, Texas and Austin, Texas for a total
development price of $5.2 million and $5.5 million, respectively.
One of the facilities is expected to be completed in the fourth
quarter of 2013, while the other in the first quarter of 2014. We
have funded $4.3 million through the end of the 2013 third
quarter.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On May 20, 2013, we entered into an agreement to finance the
development of and lease an inpatient rehabilitation facility in
South Ogden, Utah for $19.2 million, which will be leased to Ernest
under the 2012 master lease. The facility is expected to be
completed in the 2014 third quarter. We have funded $7.4 million
through the end of the 2013 third quarter.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On March 4, 2013, we entered into an agreement to finance the
development of and lease an inpatient rehabilitation facility in
Post Falls, Idaho for $14.4 million, which will be leased to Ernest
under the 2012 master lease. The facility is expected to be
completed in the fourth quarter of 2013. We have funded $10.4
million through the end of the 2013 third quarter.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
In regards to our Twelve Oaks facility, approximately 55% of this
facility became occupied as of January 23, 2013, pursuant to a 15
year lease.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On December 20, 2012, we entered into an agreement to finance the
development of and lease an acute care facility in Altoona,
Wisconsin for $33.5 million, which will be leased to an affiliate
of National Surgical Hospitals. The facility is expected to be
completed in the fourth quarter of 2014. We have funded $11.1
million through the end of the 2013 third quarter.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On October 1, 2012, we agreed to fund the construction of an
inpatient rehabilitation hospital in Spartanburg, South Carolina
that will be operated by Ernest. The facility opened in the third
quarter of 2013, and the cost of the land and building for this
facility approximates $15 million. The initial lease term for this
property is approximately 20 years.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On June 13, 2012, we entered into an agreement with Ernest to fund
the development of and lease a 40-bed rehabilitation hospital in
Lafayette, Indiana. The facility opened in the first quarter of
2013, and the cost of the land and building for this facility
approximates $15 million. The initial lease term for this property
is approximately 20 years.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On May 4, 2012, we agreed to develop and lease a 26-bed facility
next to our current facility in Victoria, Texas. Total development
cost of the new facility is estimated to be $9.4 million, and it is
expected to be completed in fourth quarter of 2013. We have funded
$8.4 million through the end of the 2013 third quarter.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On October 14, 2011, we entered into agreements with a joint
venture of Emerus Holding, Inc. and Vanguard Health System, a
subsidiary of Baptist Health System, to acquire, provide for
development funding and lease three emergency care focused acute
care hospitals for $30.0 million in the suburban markets of San
Antonio, Texas. The three facilities are subject to a master lease
structure with an initial term of 15 years and three five-year
extension options. Rent escalates annually based on consumer priced
indexed increases and to be not less than one percent or greater
than three percent. One of these properties was completed in the
fourth quarter of 2012 with the remaining two being completed in
the first quarter of 2013.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
See table below for a status update on our current development
projects (in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="35%"></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom" nowrap="nowrap">
<p style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 30.65pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<b>Property</b></p>
</td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"><b>Location</b></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"><b>Property Type</b></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"><b>Operator</b></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Original</b><br />
<b>Commitment</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Costs</b><br />
<b>Incurred as</b><br />
<b>of September 30,</b><br />
<b>2013</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Estimated</b><br />
<b>Completion</b><br />
<b>Date</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Victoria Rehabilitation Hospital</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">Victoria, TX</td>
<td valign="bottom"></td>
<td valign="bottom"><font style="WHITE-SPACE: nowrap">Long-term
Acute</font><br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Care Hospital</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">Post Acute Medical</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">9,400</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">8,391</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">th</sup> Qtr 2013</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
First Choice ER — Brodie</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">Austin, TX</td>
<td valign="bottom"></td>
<td valign="bottom">General Acute<br />
Care Hospital</td>
<td valign="bottom"></td>
<td valign="bottom">First Choice</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,470</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,509</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">st</sup> Qtr 2014</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
First Choice ER — Little Elm</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">Dallas, TX</td>
<td valign="bottom"></td>
<td valign="bottom">General Acute<br />
Care Hospital</td>
<td valign="bottom"></td>
<td valign="bottom">First Choice</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,200</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,792</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">th</sup> Qtr 2013</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Rehabilitation Hospital of the Northwest</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">Post Falls, ID</td>
<td valign="bottom"></td>
<td valign="bottom">Rehabilitation<br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Hospital</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">Ernest Health, Inc.</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">14,387</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">10,389</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">th</sup> Qtr 2013</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Oakleaf Surgical Hospital</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">Altoona, WI</td>
<td valign="bottom"></td>
<td valign="bottom">General Acute<br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Care Hospital</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">National Surgical<br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Hospitals</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">33,500</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">11,146</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">3<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">rd</sup> Qtr 2014</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Northern Utah Rehabilitation Hospital</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">South Ogden, UT</td>
<td valign="bottom"></td>
<td valign="bottom">Rehabilitation<br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Hospital</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">Ernest Health, Inc.</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">19,153</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,406</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">3<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">rd</sup> Qtr 2014</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
First Choice Emergency Rooms</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">Various</td>
<td valign="bottom"></td>
<td valign="bottom">General Acute<br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Care Hospital</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">First Choice</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">89,330</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">Various</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td valign="bottom" align="right"><b>176,440</b></td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"><b>$</b></td>
<td valign="bottom" align="right"><b>41,633</b></td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Body --></table>
<p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px">
</p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Disposals</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
In April 2013, we sold two long-term acute care hospitals, Summit
Hospital of Southeast Arizona and Summit Hospital of Southeast
Texas, for total proceeds of $18.5 million, resulting in a gain of
$2.1 million.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On June 15, 2012, we sold the HealthSouth Rehabilitation Hospital
of Fayetteville in Fayetteville, Arkansas for $16 million,
resulting in a loss of $1.4 million.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On August 21, 2012, we sold our Denham Springs facility for $5.2
million, resulting in a gain of $0.3 million.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On September 28, 2012, we sold our Thornton facility for $17.4
million, resulting in a gain of $8.4 million.</p>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Leasing Operations</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On July 3, 2012, we entered into master lease agreements with
certain subsidiaries of Prime, which replaced the then current
leases with the same tenants covering the same properties. The
master leases are for 10 years and contain two renewal options of
five years each. The initial lease rate is generally consistent
with the blended average rate of the prior lease agreements.
However, the annual escalators, which in the prior leases were
limited, have been increased 100% of consumer price index
increases, along with a minimum floor. The master leases include
repurchase options substantially similar to those in the prior
leases, including provisions establishing minimum repurchase prices
equal to our total investment.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
All of our leases are accounted for as operating leases except for
the master lease of 13 Ernest facilities and four other facilities
which are accounted for as DFLs. The components of our net
investment in DFL consisted of the following (dollars in
thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center"><!-- Begin Table Head -->
<tr>
<td width="62%"></td>
<td valign="bottom" width="11%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="11%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>As of September 30,</b><br />
<b>2013</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>As of December 31,</b><br />
<b>2012</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Minimum lease payments receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,566,155</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,277,923</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Estimated residual values</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">211,283</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">201,283</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Less: Unearned income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,373,926</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,164,794</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Net investment in direct financing leases</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">403,512</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">314,412</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<p style="MARGIN-TOP: 24pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<u>Monroe facility</u></p>
<p style="MARGIN-TOP: 6pt; TEXT-INDENT: 8%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
As of September 30, 2013, we have advanced $29.9 million to the
operator/lessee of Monroe Hospital in Bloomington, Indiana,
pursuant to a working capital loan agreement and also have $21.0
million of rent, interest and other charges owed to us by the
operator, of which $6.0 million of interest receivables are
significantly more than 90 days past due. Because the operator has
not made all payments required by the working capital loan
agreement and the related real estate lease agreement, we consider
the loan to be impaired. During 2010, we recorded a $12 million
impairment charge on the working capital loan and recorded a
valuation allowance for unbilled straight-line rent in the amount
of $2.5 million. We have not recognized any interest income on the
Monroe loan since it was considered impaired, have not recorded any
unbilled (straight-line) rent since 2010, and stopped recording
current rent on April 1, 2013 until we begin receiving cash
payments.</p>
<p style="MARGIN-TOP: 12pt; TEXT-INDENT: 8%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
At September 30, 2013, our net investment (exclusive of the related
real estate) of approximately $39 million is our maximum exposure
to Monroe and the amount is presently deemed
collectible/recoverable. In making this determination, we
considered our first priority secured interest in (i) approximately
$4 million in hospital patient receivables, (ii) cash balances of
$0.1 million, (iii) our assessment of the realizable value of our
other collateral and (iv) projected EBITDA of the hospital
operations that we have modeled under various scenarios for
sensitivity purposes. Although we believe our net investment in
Monroe at September 30, 2013, is recoverable, no assurances can be
made that we will not have additional impairment charges on our
working capital loan or other receivables in the future.</p>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<u>Florence facility</u></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On March 1, 2012, we received a certificate of occupancy for our
approximate $30 million Florence acute care facility constructed
near Phoenix, Arizona. With this, we started collecting and
recognizing rent on this facility in March 2012. On March 6, 2013,
the tenant of this facility filed for Chapter 11 bankruptcy.
Florence is current on rent, and at September 30, 2013, we had less
than $0.5 million of receivables outstanding. In addition, we have
a letter of credit for approximately $1.2 million to cover any rent
and other monetary payments not paid in the future. Although no
assurances can be made that we will not have any impairment charges
in the future, we believe our investment in Florence at September
30, 2013, is fully recoverable.</p>
<p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px">
</p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Loans</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The following is a summary of our loans (in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center"><!-- Begin Table Head -->
<tr>
<td width="72%"></td>
<td valign="bottom" width="7%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="7%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>As of</b><br />
<b>September 30,</b><br />
<b>2013</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>As of</b><br />
<b>December 31,</b><br />
<b>2012</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Mortgage loans</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">368,650</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">368,650</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Acquisition loans</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">103,516</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">98,433</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Working capital and other loans</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">54,377</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">57,458</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Convertible loan</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">3,352</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">3,352</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">529,895</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">527,893</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Our mortgage loans cover 9 of our properties with three
operators.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On March 1, 2012, pursuant to our convertible note agreement, we
converted $1.7 million of our $5.0 million convertible note into a
9.9% equity interest in the operator of our Hoboken University
Medical Center facility. At September 30, 2013, $3.3 million
remains outstanding on the convertible note, and we retain the
option, through November 2014, to convert this remainder into 15.1%
of equity interest in the operator.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Concentrations of Credit Risk</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
For the three months ended September 30, 2013 and 2012, revenue
from affiliates of Ernest (including rent and interest from
mortgage and acquisition loans) accounted for 20.7% and 21.1%,
respectively, of total revenue. For the nine months ended September
30, 2013 and 2012, revenue from affiliates of Ernest (including
rent and interest from mortgage and acquisition loans) accounted
for 20.5% and 18.4%, respectively, of total revenue. From an
investment concentration perspective, Ernest represented 17.4% and
18.2% of our total assets at September 30, 2013 and December 31,
2012, respectively.</p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
For the three months ended September 30, 2013 and 2012, revenue
from affiliates of Prime (including rent and interest from mortgage
loans) accounted for 33.7% and 28.7%, respectively, of total
revenue. For the nine months ended September 30, 2013 and 2012,
revenue from affiliates of Prime (including rent and interest from
mortgage loans) accounted for 32.4% and 26.0%, respectively, of
total revenue. From an investment concentration perspective, Prime
represented 26.7% and 27.9% of our total assets at September 30,
2013 and December 31, 2012, respectively.</p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On an individual property basis, we had no investment of any single
property greater than 5% of our total assets as of September 30,
2013.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
From a geographic perspective, all of our properties are currently
located in the United States with 24.5% and 20.4% of our total
assets at September 30, 2013, located in Texas and California,
respectively.</p>
<!-- xbrl,n --></div>
<div>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
At September 30, 2013, these amounts were as follows (in
thousands):</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 12pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
 </p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
</p>
<table style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; LETTER-SPACING: normal; FONT-SIZE: 10pt; WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" border="0" cellspacing="0" cellpadding="0" width="84%" align="center">
<tr>
<td width="63%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom" nowrap="nowrap">
<p style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid; WIDTH: 37.55pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<b>Asset Type</b></p>
</td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Fair</b><br />
<b>Value</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Cost</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Asset Type</b><br />
<b>Classification</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Mortgage loans</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">100,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">100,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Mortgage loans</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Acquisition loan</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">98,283</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">98,283</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Other loans</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Equity investments</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">3,300</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">3,300</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Other assets</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">201,583</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">201,583</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
1313000
<div>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>8. Discontinued Operations</b></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Including those properties discussed in Note 3 under the heading
“Disposals”, we sold two properties during the nine
month period ending September 30, 2013 and five properties
during 2012. We have classified current and prior year activity
related to these transactions, along with the related operating
results of the facilities prior to these transactions taking place,
as discontinued operations. In addition, we have reclassified the
related real estate assets to Real Estate Held for Sale in all
prior periods.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The following table presents the results of discontinued
operations, for the three and nine months ended September 30,
2013 and 2012 (dollar amounts in thousands except per share/unit
amounts):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="92%" align="center">
<tr>
<td width="71%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Three Months</b><br />
<b>Ended September 30,</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Nine Months</b><br />
<b>Ended September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Revenues</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">460</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">568</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">5,919</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Gain (loss) on sale</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">8,726</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,054</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">7,280</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">8,643</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,498</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,050</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Earnings per share/unit — diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.06</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.02</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.08</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
</table>
</div>
<div>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The following is a summary of debt, net of discounts (dollar
amounts in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="92%" align="center">
<tr>
<td width="59%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>As of September 30,</b><br />
<b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>As of December 31,</b><br />
<b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Balance</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Interest Rate</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Balance</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Interest Rate</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Revolving credit facility</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">45,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Variable</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">125,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Variable</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2006 Senior Unsecured Notes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">125,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Various</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">125,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Various</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2011 Senior Unsecured Notes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">450,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">6.875</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">450,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">6.875</td>
<td valign="bottom" nowrap="nowrap">%</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2012 Senior Unsecured Notes:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Principal amount</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">350,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">6.375</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">200,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">6.375</td>
<td valign="bottom" nowrap="nowrap">%</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unamortized premium</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,960</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">352,960</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">200,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Exchangeable senior notes:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Principal amount (A)</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">N/A</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">9.250</td>
<td valign="bottom" nowrap="nowrap">%</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unamortized discount</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(37</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">10,963</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Term loans</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">114,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Various</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">114,197</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Various</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,086,973</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,025,160</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
</table>
</div>
<div>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>7. Fair Value of Financial Instruments</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
We have various assets and liabilities that are considered
financial instruments. We estimate that the carrying value of cash
and cash equivalents, and accounts payable and accrued expenses
approximate their fair values. Included in our accounts payable and
accrued expenses are our interest rate swaps, which are recorded at
fair value based on Level 2 observable market assumptions using
standardized derivative pricing models. We estimate the fair value
of our interest and rent receivables using Level 2 inputs such as
discounting the estimated future cash flows using the current rates
at which similar receivables would be made to others with similar
credit ratings and for the same remaining maturities. The fair
value of our mortgage loans and working capital loans are estimated
by using Level 2 inputs (except for the Monroe loan for which we
use Level 3 inputs) such as discounting the estimated future cash
flows using the current rates which similar loans would be made to
borrowers with similar credit ratings and for the same remaining
maturities. We determine the fair value of our exchangeable notes
and 2011 and 2012 Senior Unsecured Notes, using Level 2 inputs such
as quotes from securities dealers and market makers. We estimate
the fair value of our 2006 Senior Unsecured Notes, revolving credit
facilities, and term loans using Level 2 inputs based on the
present value of future payments, discounted at a rate which we
consider appropriate for such debt.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Fair value estimates are made at a specific point in time, are
subjective in nature, and involve uncertainties and matters of
significant judgment. Settlement of such fair value amounts may not
be possible and may not be a prudent management decision. The
following table summarizes fair value estimates for our financial
instruments (in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt" border="0" cellspacing="0" cellpadding="0" width="92%" align="center"><!-- Begin Table Head -->
<tr>
<td width="56%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center"><b>September 30,</b><br />
<b>2013</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center"><b>December 31,</b><br />
<b>2012</b></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom" nowrap="nowrap">
<p style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 54.75pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<b>Asset (Liability)</b></p>
</td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Book</b><br />
<b>Value</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Fair</b><br />
<b>Value</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Book</b><br />
<b>Value</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Fair</b><br />
<b>Value</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Interest and rent receivables</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">54,505</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">43,723</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">45,289</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">36,700</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Loans (1)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">331,612</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">329,367</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">334,693</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">335,595</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Debt, net</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,086,973</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,116,389</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,025,160</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,082,333</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<!-- End Table Body --></table>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left">(1)</td>
<td valign="top" align="left">Excludes loans related to the Ernest
Transaction since they are recorded at fair value and discussed
below.</td>
</tr>
</table>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Items Measured at Fair Value on a Recurring Basis</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Our equity interest in Ernest and related loans, as discussed in
Note 3, are being measured at fair value on a recurring basis as we
elected to account for these investments using the fair value
option method. We have elected to account for these investments at
fair value due to the size of the investments and because we
believe this method is more reflective of current values. We have
not made a similar election for other equity interests or loans in
or prior to 2013.</p>
<p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px">
</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
At September 30, 2013, these amounts were as follows (in
thousands):</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 12pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
 </p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
</p>
<table style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; LETTER-SPACING: normal; FONT-SIZE: 10pt; WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" border="0" cellspacing="0" cellpadding="0" width="84%" align="center">
<tr>
<td width="63%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom" nowrap="nowrap">
<p style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid; WIDTH: 37.55pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<b>Asset Type</b></p>
</td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Fair</b><br />
<b>Value</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Cost</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Asset Type</b><br />
<b>Classification</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Mortgage loans</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">100,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">100,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Mortgage loans</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Acquisition loan</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">98,283</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">98,283</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Other loans</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Equity investments</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">3,300</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">3,300</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Other assets</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">201,583</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">201,583</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
</table>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
Our mortgage loans with Ernest are recorded at fair value based on
Level 3 inputs by discounting the estimated cash flows using the
market rates which similar loans would be made to borrowers with
similar credit ratings and the same remaining maturities. Our
acquisition loan and equity investments in Ernest are recorded at
fair value based on Level 3 inputs, by using a discounted cash flow
model, which requires significant estimates of our investee such as
projected revenue and expenses and appropriate consideration of the
underlying risk profile of the forecast assumptions associated with
the investee. We classify these loans and equity investments as
Level 3, as we use certain unobservable inputs to the valuation
methodology that are significant to the fair value measurement, and
the valuation requires management judgment due to the absence of
quoted market prices. For these cash flow models, our observable
inputs include use of a capitalization rate, discount rate (which
is based on a weighted-average cost of capital), and market
interest rates, and our unobservable input includes an adjustment
for a marketability discount (“DLOM”) on our equity
investment of 40% at September 30, 2013.</p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
 </p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
In regards to the underlying projection of revenues and expenses
used in the discounted cash flow model, such projections are
provided by Ernest. However, we will modify such projections
(including underlying assumptions used) as needed based on our
review and analysis of Ernest’s historical results, meetings
with key members of management, and our understanding of trends and
developments within the healthcare industry.</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
In arriving at the DLOM, we started with a DLOM range based on the
results of studies supporting valuation discounts for other
transactions or structures without a public market. To select the
appropriate DLOM within the range, we then considered many
qualitative factors including the percent of control, the nature of
the underlying investee’s business along with our rights as
an investor pursuant to the operating agreement, the size of
investment, expected holding period, number of shareholders, access
to capital marketplace, etc. To illustrate the effect of movements
in the DLOM, we performed a sensitivity analysis below by using
basis point variations (dollars in thousands):</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 12pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
 </p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
</p>
<table style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; LETTER-SPACING: normal; FONT-SIZE: 8pt; WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" border="0" cellspacing="0" cellpadding="0" width="68%" align="center">
<tr>
<td width="69%"></td>
<td valign="bottom" width="28%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom" nowrap="nowrap">
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: 'Times New Roman'; MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt">
<b>Basis Point</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: 'Times New Roman'; MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt">
<b>Change in</b></p>
<p style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt; WIDTH: 79.65pt; FONT-FAMILY: 'Times New Roman'; MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt">
<b>Marketability Discount</b></p>
</td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center">
<b>Estimated Increase (Decrease)</b><br />
<b>In Fair Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
+100 basis points</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(300</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
- 100 basis points</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">300</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
</table>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
Because the fair value of Ernest investments noted above
approximate their original cost, we did not recognize any
unrealized gains/losses during the first nine months of 2013. To
date, we have not received any distribution payments from our
equity investment in Ernest.</p>
</div>
<div>
<p>The following table summarizes fair value estimates for our
financial instruments (in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt" border="0" cellspacing="0" cellpadding="0" width="92%" align="center"><!-- Begin Table Head -->
<tr>
<td width="56%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center"><b>September 30,</b><br />
<b>2013</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center"><b>December 31,</b><br />
<b>2012</b></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom" nowrap="nowrap">
<p style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 54.75pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<b>Asset (Liability)</b></p>
</td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Book</b><br />
<b>Value</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Fair</b><br />
<b>Value</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Book</b><br />
<b>Value</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Fair</b><br />
<b>Value</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Interest and rent receivables</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">54,505</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">43,723</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">45,289</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">36,700</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Loans (1)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">331,612</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">329,367</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">334,693</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">335,595</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Debt, net</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,086,973</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,116,389</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,025,160</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,082,333</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<!-- End Table Body --></table>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left">(1)</td>
<td valign="top" align="left">Excludes loans related to the Ernest
Transaction since they are recorded at fair value and discussed
below.</td>
</tr>
</table>
</div>
<div>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 6pt; TEXT-INDENT: 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
<i>Unaudited Interim Condensed Consolidated Financial
Statements</i>: The accompanying unaudited interim condensed
consolidated financial statements have been prepared in accordance
with accounting principles generally accepted in the United States
for interim financial information, including rules and regulations
of the Securities and Exchange Commission. Accordingly, they do not
include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements.
In the opinion of management, all adjustments (consisting of normal
recurring accruals) considered necessary for a fair presentation
have been included. Operating results for the three and nine month
periods ended September 30, 2013, are not necessarily
indicative of the results that may be expected for the year ending
December 31, 2013. The condensed consolidated balance sheet at
December 31, 2012 has been derived from the audited financial
statements at that date but does not include all of the information
and footnotes required by accounting principles generally accepted
in the United States for complete financial statements.</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12pt; TEXT-INDENT: 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
For information about significant accounting policies, refer to the
consolidated financial statements and footnotes thereto included in
our Annual Report on Form 10-K for the year ended December 31,
2012. During the nine months ended September 30, 2013, there
were no material changes to these policies.</p>
</div>
<div>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Medical Properties Trust, Inc.</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Our earnings per share were calculated based on the following
(amounts in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="78%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Three Months</b><br />
<b>Ended September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Numerator:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,666</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">22,865</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Non-controlling interests’ share in continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Participating securities’ share in earnings</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(166</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(225</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from continuing operations, less participating
securities’ share in earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">25,445</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">22,596</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from discontinued operations attributable to MPT common
stockholders</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">8,643</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net income, less participating securities’ share in
earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,482</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,239</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Denominator:</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Basic weighted-average common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">154,758</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">134,781</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Dilutive potential common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,211</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Dilutive weighted-average common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">155,969</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">134,782</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="78%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Nine Months<br />
Ended September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Numerator:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">76,819</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">50,424</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Non-controlling interests’ share in continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Participating securities’ share in earnings</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(538</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(715</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from continuing operations, less participating
securities’ share in earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">76,116</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">49,579</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from discontinued operations attributable to MPT common
stockholders</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,498</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,050</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net income, less participating securities’ share in
earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">78,614</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">60,629</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Denominator:</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Basic weighted-average common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">148,204</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">131,467</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Dilutive potential common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,313</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Dilutive weighted-average common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">149,517</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">131,467</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>MPT Operating Partnership, L.P.</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Our earnings per common unit were calculated based on the following
(amounts in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="78%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Three Months</b><br />
<b>Ended September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Numerator:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,666</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">22,865</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Non-controlling interests’ share in continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Participating securities’ share in earnings</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(166</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(225</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from continuing operations, less participating
securities’ share in earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">25,445</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">22,596</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from discontinued operations attributable to MPT Operating
Partnership partners</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">8,643</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net income, less participating securities’ share in
earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,482</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,239</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Denominator:</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Basic weighted-average units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">154,758</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">134,781</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Dilutive potential units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,211</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Dilutive weighted-average units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">155,969</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">134,782</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="78%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center"><b>For the Nine
Months</b><br />
<b>Ended September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Numerator:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">76,819</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">50,424</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Non-controlling interests’ share in continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Participating securities’ share in earnings</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(538</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(715</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from continuing operations, less participating
securities’ share in earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">76,116</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">49,579</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from discontinued operations attributable to MPT Operating
Partnership partners</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,498</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,050</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net income, less participating securities’ share in
earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">78,614</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">60,629</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Denominator:</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Basic weighted-average units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">148,204</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">131,467</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Dilutive potential units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,313</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Dilutive weighted-average units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">149,517</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">131,467</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>4. Debt</b></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The following is a summary of debt, net of discounts (dollar
amounts in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="92%" align="center">
<tr>
<td width="59%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>As of September 30,</b><br />
<b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>As of December 31,</b><br />
<b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Balance</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Interest Rate</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Balance</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Interest Rate</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Revolving credit facility</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">45,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Variable</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">125,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Variable</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2006 Senior Unsecured Notes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">125,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Various</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">125,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Various</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2011 Senior Unsecured Notes</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">450,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">6.875</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">450,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">6.875</td>
<td valign="bottom" nowrap="nowrap">%</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2012 Senior Unsecured Notes:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Principal amount</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">350,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">6.375</td>
<td valign="bottom" nowrap="nowrap">% </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">200,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">6.375</td>
<td valign="bottom" nowrap="nowrap">%</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unamortized premium</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,960</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">352,960</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">200,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Exchangeable senior notes:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Principal amount (A)</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">N/A</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">9.250</td>
<td valign="bottom" nowrap="nowrap">%</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unamortized discount</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(37</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top"></td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">10,963</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Term loans</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">114,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Various</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">114,197</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Various</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,086,973</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,025,160</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
</table>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
As of September 30, 2013, principal payments due for our debt
(which exclude the effects of any discounts or premiums recorded)
are as follows (in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="68%" align="center">
<tr>
<td width="85%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2013</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">64</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2014</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">266</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2015</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">45,283</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2016</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">225,299</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2017</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">320</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Thereafter</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">812,781</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Total</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,084,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left">(A)</td>
<td valign="top" align="left">The exchangeable senior notes were
paid in full on April 1, 2013.</td>
</tr>
</table>
<p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px">
 </p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
To help fund acquisitions described in Note 3, on February 17,
2012 and August 20, 2013, we issued $200.0 million (resulting
in net proceeds of $196.5 million, after underwriting discount) and
$150.0 million (resulting in net proceeds of $150.3 million, after
underwriting discount), respectively, aggregate principal amount of
our 6.375% senior notes due 2022. The 2013 issuance, which was a
tack on to the 2012 offering, was issued at a price of 102%, which
represents a yield to the par redemption date of February 15,
2020 of 5.998%.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
In addition, on March 9, 2012, we closed on a
$100 million senior unsecured term loan facility (“2012
Term Loan”) and exercised the $70 million accordion
feature on our revolving credit facility, increasing its capacity
from $330 million to $400 million.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
During the second quarter 2010, we entered into an interest rate
swap to manage our exposure to variable interest rates by fixing
$65 million of our 2006 Senior Unsecured Notes, which started
July 31, 2011 (date on which the interest rate turned
variable) through maturity date (or July 2016), at a rate of
5.507%. We also entered into an interest rate swap to fix $60
million of our 2006 Senior Unsecured Notes which started
October 31, 2011 (date on which the related interest rate
turned variable) through the maturity date (or October 2016) at a
rate of 5.675%. The fair value of the interest rate swaps was $9.7
million and $12.5 million as of September 30, 2013 and
December 31, 2012, respectively, which is reflected in
accounts payable and accrued expenses on the consolidated balance
sheets.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
We designated our interest rate swaps as cash flow hedges.
Accordingly, the effective portion of changes in the fair value of
our swaps is recorded as a component of accumulated other
comprehensive income/loss on the balance sheet and reclassified
into earnings in the same period, or periods, during which the
hedged transactions effect earnings, while any ineffective portion
is recorded through earnings immediately. We did not have any hedge
ineffectiveness in the periods; therefore, there was no income
statement effect recorded during the three and nine month periods
ended September 30, 2013 or 2012. We do not expect any of the
current losses included in accumulated other comprehensive loss to
be reclassified into earnings in the next 12 months. At
September 30, 2013 and December 31, 2012, we had
$4.7 million and $6.6 million, respectively, posted as
collateral, which is currently reflected in other assets on our
consolidated balance sheets.</p>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Covenants</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Our debt facilities impose certain restrictions on us, including
restrictions on our ability to: incur debts; create or incur liens;
provide guarantees in respect of obligations of any other entity;
make redemptions and repurchases of our capital stock; prepay,
redeem or repurchase debt; engage in mergers or consolidations;
enter into affiliated transactions; dispose of real estate or other
assets; and change our business. In addition, the credit agreements
governing our revolving credit facility and 2012 Term Loan limit
the amount of dividends we can pay as a percentage of normalized
adjusted funds from operations, as defined in the agreements, on a
rolling four quarter basis. The dividend restriction is currently
95% of normalized adjusted FFO. The indentures governing our 2011
and 2012 Senior Unsecured Notes also limit the amount of dividends
we can pay based on the sum of 95% of funds from operations,
proceeds of equity issuances and certain other net cash proceeds.
Finally, our 2011 and 2012 Senior Unsecured Notes require us to
maintain total unencumbered assets (as defined in the related
indenture) of not less than 150% of our unsecured indebtedness.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
In addition to these restrictions, the revolving credit facility
and 2012 Term Loan contain customary financial and operating
covenants, including covenants relating to our total leverage
ratio, fixed charge coverage ratio, mortgage secured leverage
ratio, recourse mortgage secured leverage ratio, consolidated
adjusted net worth, facility leverage ratio, and unsecured interest
coverage ratio. This facility also contains customary events of
default, including among others, nonpayment of principal or
interest, material inaccuracy of representations and failure to
comply with our covenants. If an event of default occurs and is
continuing under the facility, the entire outstanding balance may
become immediately due and payable. At September 30, 2013, we
were in compliance with all such financial and operating
covenants.</p>
</div>
<div>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
As part of these acquisitions, we purchased and invested in the
following: (in thousands)</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="78%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Land</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">16,220</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Building</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">265,030</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net investments in direct financing leases</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">85,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">310,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Mortgage loans</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">200,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Other loans</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">5,250</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">93,200</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Equity investments</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">3,300</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Total</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">371,500</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">606,500</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
101564000
<div>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>12. Condensed Consolidating Financial Information</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The following tables present the condensed consolidating financial
information for (a) Medical Properties Trust, Inc.
(“Parent” and a guarantor to our 2011 and 2012 Senior
Unsecured Notes), (b) MPT Operating Partnership, L.P. and MPT
Finance Corporation (“Subsidiary Issuer”), (c) on a
combined basis, the guarantors of our 2011 and 2012 Senior
Unsecured Notes (“Subsidiary Guarantors”), and (d) on a
combined basis, the non-guarantor subsidiaries
(“Non-Guarantor Subsidiaries”). Separate financial
statements of the Subsidiary Guarantors are not presented because
the guarantee by each 100% owned Subsidiary Guarantor is joint and
several and we believe separate financial statements and other
disclosures regarding the Subsidiary Guarantors are not material to
investors. Furthermore, there are no significant legal restrictions
on the Parent’s ability to obtain funds from its subsidiaries
by dividend or loan.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The guarantees by the Subsidiary Guarantors may be released and
discharged upon: (1) any sale, exchange or transfer of all of the
capital stock of a Subsidiary Guarantor; (2) the merger or
consolidation of a Subsidiary Guarantor with a Subsidiary Issuer or
any other Subsidiary Guarantor; (3) the proper designation of any
Subsidiary Guarantor by the Subsidiary Issuers as
“unrestricted” for covenant purposes under the
indenture governing the 2011 and 2012 Senior Unsecured Notes; (4)
the legal defeasance or covenant defeasance or satisfaction and
discharge of the indenture; (5) a liquidation or dissolution of a
Subsidiary Guarantor permitted under the indenture governing the
2011 and 2012 Senior Unsecured Notes; or (6) the release or
discharge of the Subsidiary Guarantor from its guarantee
obligations under our revolving credit facility.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Subsequent to September 30, 2012, certain of our subsidiaries were
re-designated as non-guarantors of our 2011 and 2012 Senior
Unsecured Notes as the underlying properties were sold in 2012 and
the first half of 2013. With these re-designations, we have
restated the 2012 condensed consolidating financial information
below to reflect these changes.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
In the second quarter of 2013, we revised our condensed
consolidating balance sheets as of December 31, 2012 and 2011 to
adjust negative net intercompany receivables (payable) balances
from Total Assets to Total Liabilities. The impact of this
revision, was to increase total assets (and, correspondingly
increase total liabilities) as of December 31, 2012 and 2011 for
Subsidiaries Guarantors by $1,010.4 million and $888.9 million,
respectively, and also to increase total assets (and,
correspondingly increase total liabilities) for Non-Guarantor
Subsidiaries by $390.9 million and $5.5 million respectively, with
an offset to Eliminations. This revision is not material to the
related financial statements for any prior periods and had no
impact on our consolidated balance sheet. As prior period financial
information is presented in future filings, we will similarly
revise the condensed consolidating balance sheets.</p>
<!-- /xbrl,ns -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,bs -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Balance Sheet</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>September 30, 2013</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="46%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Assets</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Real estate assets</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Land, buildings and improvements and intangible lease assets</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,259,234</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">347,198</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,606,432</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Mortgage loans</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">268,650</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">100,000</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">368,650</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Net investment in direct financing leases</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">186,586</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">216,926</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">403,512</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Gross investment in real estate assets</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,714,470</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">664,124</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,378,594</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Accumulated depreciation and amortization</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(142,939</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,727</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(150,666</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 6em; FONT-SIZE: 10pt">
Net investment in real estate assets</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,571,531</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">656,397</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,227,928</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Cash and cash equivalents</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">11,391</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">733</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">12,124</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Interest and rent receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">715</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">29,284</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">24,506</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">54,505</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Straight-line rent receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">36,051</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,189</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">44,240</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Other loans</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">178</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">161,067</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">161,245</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Net intercompany receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">32,053</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,639,081</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,671,134</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Investment in subsidiaries</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,358,959</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">783,441</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">43,557</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(2,185,957</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Other assets</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">32,534</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">980</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">29,594</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">63,108</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Total Assets</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,391,012</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,467,340</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,681,403</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">880,486</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(3,857,091</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,563,150</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Liabilities and Equity</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Liabilities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Debt, net</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,072,960</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">14,013</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,086,973</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Accounts payable and accrued expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">32,443</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">35,705</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,935</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">769</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">73,852</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Net intercompany payable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">998,987</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">672,147</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,671,134</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Deferred revenue</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(284</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">17,970</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,543</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">23,229</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Lease deposits and other obligations to tenants</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">17,923</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,604</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">20,527</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Total liabilities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">32,443</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,108,381</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,039,815</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">695,076</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,671,134</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,204,581</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Total equity</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,358,569</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,358,959</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">641,588</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">185,410</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(2,185,957</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,358,569</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Total Liabilities and Equity</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,391,012</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,467,340</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,681,403</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">880,486</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(3,857,091</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,563,150</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,bs -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,in -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Income</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Three Months Ended September 30, 2013</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="53%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Revenues</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Rent billed</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">29,770</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">5,403</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(3,295</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,878</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Straight-line rent</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,189</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">664</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,853</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Income from direct financing leases</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">10,519</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,750</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(4,971</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">11,298</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Interest and fee income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,004</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">9,161</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,299</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,037</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">14,427</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total revenues</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,004</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">51,639</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">19,116</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(15,303</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">60,456</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Expenses</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Real estate depreciation and amortization</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,363</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">426</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,789</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Property-related</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">182</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">251</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,291</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(8,266</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">458</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
General and administrative</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,867</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(487</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,380</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Acquisition expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,179</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,179</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total operating expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">11,228</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,614</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,230</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(8,266</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">19,806</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 6em; FONT-SIZE: 10pt">
Operating income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(6,224</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">43,025</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">10,886</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,037</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">40,650</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Other income (expense)</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(2</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">3</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Earnings from equity and other interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">454</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">389</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">843</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(16,055</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">454</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,266</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,037</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(15,830</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(16,050</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">908</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(6,879</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,037</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(14,984</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Income (loss) from continuing operations</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(22,274</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">43,933</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,007</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,666</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from discontinued operations</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Equity in earnings of consolidated subsidiaries, net of income
taxes</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">47,977</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,114</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(74,794</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">45,047</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,044</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(74,794</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Net income (loss) attributable to non-controlling interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">55</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
<b>Net income attributable to MPT common stockholders</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,648</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,648</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">45,047</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">4,044</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(74,739</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,648</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,in -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,in -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Income</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Nine Months Ended September 30, 2013</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="50%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Revenues</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Rent billed</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">89,149</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">14,970</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(9,045</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">95,074</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Straight-line rent</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,617</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,643</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,260</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Income from direct financing leases</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">27,387</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">16,744</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(14,847</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">29,284</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Interest and fee income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">15,112</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">27,565</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">21,816</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(21,211</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">43,282</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total revenues</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">15,112</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">150,718</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">55,173</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(45,103</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">175,900</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Expenses</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Real estate depreciation and amortization</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">24,775</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,276</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">26,051</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Property-related</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">458</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">792</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">24,162</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(23,892</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,520</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
General and administrative</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">21,286</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">137</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">21,423</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Acquisition expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,457</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,457</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total operating expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">28,201</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,567</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,575</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(23,892</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">55,451</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 6em; FONT-SIZE: 10pt">
Operating income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(13,089</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">125,151</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">29,598</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(21,211</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">120,449</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Other income (expense)</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(37</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(208</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(245</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Earnings from equity and other interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">687</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,824</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,511</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(46,298</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,083</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(21,892</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">21,211</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(45,896</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(46,335</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,770</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(20,276</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">21,211</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(43,630</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
<b>Income (loss) from continuing operations</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(59,424</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">126,921</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">9,322</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">76,819</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from discontinued operations</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(4</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,502</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,498</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Equity in earnings of consolidated subsidiaries net of income
taxes</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">138,741</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">3,356</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(221,414</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">130,273</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">11,824</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(221,414</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Net income (loss) attributable to non-controlling interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">165</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
<b>Net income attributable to MPT common stockholders</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,152</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,152</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">130,273</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">11,824</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(221,249</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,152</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,in -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,ci -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Comprehensive
Income</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Three Months Ended September 30, 2013</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="53%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">45,047</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">4,044</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(74,794</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Other comprehensive income:</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unrealized gain on interest rate swap</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">182</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">182</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(182</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">182</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total comprehensive income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,885</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,885</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">45,047</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,044</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(74,976</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,885</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Comprehensive income attributable to non-controlling interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">55</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Comprehensive income attributable to MPT common
stockholders</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,830</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,830</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">45,047</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">4,044</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(74,921</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,830</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,ci --><!-- xbrl,ci -->
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Comprehensive
Income</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Nine Months Ended September 30, 2013</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="50%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">130,273</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">11,824</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(221,414</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Other comprehensive income:</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unrealized gain on interest rate swap</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,788</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,788</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(2,788</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,788</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total comprehensive income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">82,105</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">82,105</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">130,273</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">11,824</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(224,202</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">82,105</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Comprehensive income attributable to non-controlling interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">165</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Comprehensive income attributable to MPT common
stockholders</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">81,940</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">81,940</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">130,273</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">11,824</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(224,037</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">81,940</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,ci -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,cf -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Cash Flows</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Nine Months Ended September 30, 2013</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="62%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Operating Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net cash provided by (used in) operating activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">91</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(38,891</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">156,913</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(16,549</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">101,564</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Investing Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Cash paid for acquisitions and other related investments</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(95,000</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(276,500</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(371,500</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Principal received on loans receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,694</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,694</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net proceeds from sale of real estate</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">18,409</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">18,409</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Investments in and advances to subsidiaries</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(225,683</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(267,545</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,506</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">269,142</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">225,592</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Investments in loans receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,445</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,445</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Construction in progress and other</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(765</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(63,691</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,034</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(63,422</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Net cash provided by (used in) investing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(225,683</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(268,310</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(160,197</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">15,334</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">225,592</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(413,264</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Financing Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Revolving credit facilities, net</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(80,000</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(80,000</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Additions to term debt, net of discount</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">153,000</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">153,000</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Payments of term debt</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(11,000</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(185</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(11,185</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Distributions paid</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(87,727</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(87,928</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">87,727</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(87,928</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Proceeds from sale of common shares/units, net of offering
costs</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">313,319</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">313,319</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(313,319</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">313,319</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Lease deposits and other obligations to tenants</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,719</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,870</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">3,589</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Debt issuance costs paid and other financing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(4,282</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(4,282</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Net cash provided by financing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">225,592</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">283,109</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,719</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,685</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(225,592</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">286,513</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Increase (decrease) in cash and cash equivalents for period</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(24,092</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,565</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">470</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(25,187</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 9em; FONT-SIZE: 10pt">
Cash and cash equivalents at beginning of period</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">35,483</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,565</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">263</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">37,311</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Cash and cash equivalents at end of period</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">11,391</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">733</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">12,124</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,cf -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,bs -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Balance Sheet</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>December 31, 2012</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="52%"></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Assets</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Real estate assets</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Land, buildings and improvements and intangible lease assets</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">28</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,196,124</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">65,947</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,262,099</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Real estate held for sale</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">16,497</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">16,497</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Mortgage loans</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">268,650</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">100,000</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">368,650</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Investment in direct financing leases</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">110,155</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">204,257</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">314,412</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Gross investment in real estate assets</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">28</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,574,929</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">386,701</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,961,658</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Accumulated depreciation and amortization</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(118,163</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(6,452</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(124,615</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 6em; FONT-SIZE: 10pt">
Net investment in real estate assets</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">28</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,456,766</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">380,249</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,837,043</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Cash and cash equivalents</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">35,483</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,565</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">263</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">37,311</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Interest and rent receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">212</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">29,159</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">15,918</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">45,289</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Straight-line rent receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">29,314</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,546</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">35,860</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Other loans</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">177</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">159,066</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">159,243</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Net intercompany receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">27,393</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,373,941</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,401,334</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Investment in subsidiaries</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,050,204</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">647,029</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">42,666</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,739,899</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Other assets</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,097</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,522</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,521</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">64,140</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Total Assets</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,077,597</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,087,967</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,560,992</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">593,563</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(3,141,233</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,178,886</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Liabilities and Equity</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Liabilities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Debt, net</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,010,962</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">14,198</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,025,160</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Accounts payable and accrued expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">27,783</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">26,658</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">10,492</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,028</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">65,961</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Net intercompany payable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,000,117</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">401,217</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,401,334</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Deferred revenue</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">143</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">19,621</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">845</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">20,609</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Lease deposits and other obligations to tenants</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">16,606</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">736</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">17,342</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total liabilities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">27,783</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,037,763</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,046,836</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">418,024</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,401,334</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,129,072</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Total equity</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,049,814</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,050,204</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">514,156</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">175,539</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,739,899</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,049,814</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Total Liabilities and Equity</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,077,597</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,087,967</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,560,992</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">593,563</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(3,141,233</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,178,886</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,bs -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,in -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Income</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Three Months Ended September 30, 2012</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="52%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Revenues</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Rent billed</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">28,470</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">4,163</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(2,335</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">30,298</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Straight-line rent</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,371</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">374</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,745</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from direct financing leases</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,238</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,394</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(4,859</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,773</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest and fee income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,242</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,917</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,943</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,065</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">14,037</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Total revenues</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,242</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">44,996</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">16,874</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(14,259</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">52,853</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Real estate depreciation and amortization</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,883</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">425</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,308</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Property-related</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">88</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">116</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,204</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,194</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">214</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
General and administrative</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,332</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">720</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,052</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Acquisition expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">410</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">410</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total operating expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,830</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,999</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,349</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,194</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">15,984</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 9em; FONT-SIZE: 10pt">
Operating income (loss)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,588</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">36,997</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,525</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,065</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">36,869</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Other income (expense)</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(21</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(2</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(23</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Earnings from equity and other interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">331</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">734</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,065</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(15,203</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">388</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,296</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,065</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(15,046</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(15,224</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">717</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(6,562</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,065</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(14,004</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Income (loss) from continuing operations</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(16,812</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">37,714</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,963</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">22,865</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income (loss) from discontinued operations</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">314</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,329</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,643</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Equity in earnings of consolidated subsidiaries, net of income
taxes</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">48,320</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,129</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(80,957</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">39,157</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">10,292</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(80,957</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income (loss) attributable to non-controlling interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">44</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Net income attributable to MPT common stockholders</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,464</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,464</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">39,157</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">10,292</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(80,913</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,464</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,in -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,in -->
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
<b>Condensed Consolidated Statements of Income</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
<b>For the Nine Months Ended September 30, 2012</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
<b>(in thousands)</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 12pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
 </p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
</p>
<table style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; LETTER-SPACING: normal; FONT-SIZE: 10pt; WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="50%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Revenues</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Rent billed</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">85,160</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">12,446</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(6,926</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">90,680</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Straight-line rent</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">4,310</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,119</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">5,429</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from direct financing leases</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,730</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">12,600</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(11,351</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">12,979</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest and fee income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">13,219</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">20,620</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">17,358</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(17,711</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">33,486</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Total revenues</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">13,219</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">121,820</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">43,523</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(35,988</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">142,574</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Expenses</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Real estate depreciation and amortization</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">23,551</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,275</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">24,826</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Property-related</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">349</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">580</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">18,375</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(18,277</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,027</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
General and administrative</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">20,067</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,274</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">21,341</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Acquisition expenses</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">4,115</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">4,115</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total operating expenses</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">24,531</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">24,131</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">20,924</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(18,277</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">51,309</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 9em; FONT-SIZE: 10pt">
Operating income (loss)</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(11,312</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">97,689</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">22,599</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(17,711</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">91,265</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Other income (expense)</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Other income (expense)</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(49</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(2</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(4</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Earnings from equity and other interests</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">783</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,161</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,944</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest income (expense)</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(42,905</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">867</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(18,403</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">17,711</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(42,730</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net other income (expense)</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(42,954</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,648</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(17,246</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">17,711</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(40,841</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Income (loss) from continuing operations</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(54,266</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">99,337</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">5,353</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">50,424</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income (loss) from discontinued operations</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">106</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">10,944</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,050</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Equity in earnings of consolidated subsidiaries net of income
taxes</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">115,740</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">3,367</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(180,581</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">102,810</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">16,297</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(180,581</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income (loss) attributable to non-controlling interests</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">130</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Net income attributable to MPT common stockholders</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,344</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,344</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">102,810</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">16,297</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(180,451</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,344</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12pt; TEXT-INDENT: 0px; FONT: 1pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
 </p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
<b>Condensed Consolidated Statements of Comprehensive
Income</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
<b>For the Three Months Ended September 30, 2012</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="52%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">39,157</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">10,292</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(80,957</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Other comprehensive income (loss):</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unrealized loss on interest rate swap</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(443</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(443</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">443</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(443</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total comprehensive income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,065</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,065</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">39,157</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">10,292</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(80,514</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,065</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Comprehensive income attributable to non-controlling interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">44</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Comprehensive income attributable to MPT common
stockholders</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,021</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,021</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">39,157</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">10,292</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(80,470</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,021</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,ci --><!-- xbrl,ci -->
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Comprehensive
Income</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Nine Months Ended September, 30, 2012</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="50%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">102,810</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">16,297</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(180,581</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Other comprehensive income (loss):</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unrealized loss on interest rate swap</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(989</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(989</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">989</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(989</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total comprehensive income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">60,485</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">60,485</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">102,810</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">16,297</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(179,592</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">60,485</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Comprehensive income attributable to non-controlling interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">130</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Comprehensive income attributable to MPT common
stockholders</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">60,355</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">60,355</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">102,810</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">16,297</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(179,462</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">60,355</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,ci -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,cf -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Cash Flows</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Nine Months Ended September 30, 2012</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="58%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Operating Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net cash provided by (used in) operating activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">16</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(38,780</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">109,018</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">4,455</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">74,709</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Investing Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Cash paid for acquisitions and other related investments</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(410,000</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(196,500</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(606,500</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Principal received on loans receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,491</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,016</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">9,507</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net proceeds from sale of real estate</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">800</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">33,300</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">34,100</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Investments in and advances to subsidiaries</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(143,554</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(540,016</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">380,605</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">159,427</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">143,538</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Investments in loans receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,293</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,293</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Construction in progress and other</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(59</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(33,869</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,992</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(35,920</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Net cash used in investing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(143,554</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(540,075</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(56,973</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(3,042</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">143,538</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(600,106</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Financing Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Revolving credit facilities, net</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">75,000</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(39,600</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">35,400</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Additions to term debt</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">300,000</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">300,000</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Payments of term debt</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(171</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(171</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Distributions paid</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(76,569</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(76,770</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">76,569</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(76,770</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Proceeds from sale of common stock/units, net of offering costs</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">220,107</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">220,107</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(220,107</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">220,107</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Lease deposits and other obligations to tenants</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(12,289</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,102</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(13,391</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Debt issuance costs paid and other financing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(6,341</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(6,341</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Net cash provided by (used in) financing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">143,538</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">511,996</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(51,889</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,273</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(143,538</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">458,834</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Increase in cash and cash equivalents for period</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(66,859</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">156</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">140</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(66,563</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 9em; FONT-SIZE: 10pt">
Cash and cash equivalents at beginning of period</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">101,230</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,409</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">87</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">102,726</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Cash and cash equivalents at end of period</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">34,371</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,565</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">227</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">36,163</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,cf -->
<p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px">
</p>
</div>
0.51
<div>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
Supplemental pro forma earnings were adjusted to exclude
acquisition-related costs on consummated deals incurred in the
three and nine months ended September 30, 2012 ($ amounts
in thousands, except per share/unit data).</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 18pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
 </p>
<table style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; LETTER-SPACING: normal; FONT-SIZE: 10pt; WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" border="0" cellspacing="0" cellpadding="0" width="92%" align="center">
<tr style="LINE-HEIGHT: 0pt; VISIBILITY: hidden; COLOR: white">
<td width="66%"></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td style="FONT-SIZE: 8pt" nowrap="nowrap"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td style="FONT-SIZE: 8pt" nowrap="nowrap"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td style="FONT-SIZE: 8pt" nowrap="nowrap"></td>
<td></td>
<td valign="bottom" width="3%"></td>
<td></td>
<td style="FONT-SIZE: 8pt" nowrap="nowrap"></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Three Months Ended<br />
September 30,</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Nine Months Ended<br />
September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Total revenues</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">65,518</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">63,695</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">196,708</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">188,339</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">29,366</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">37,091</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">89,570</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">92,620</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income per share/unit — diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.18</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.25</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.55</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.63</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
</table>
<br class="Apple-interchange-newline" /></div>
<div>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>9. Earnings Per Share/Common Unit</b></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Medical Properties Trust, Inc.</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Our earnings per share were calculated based on the following
(amounts in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="78%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Three Months</b><br />
<b>Ended September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Numerator:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,666</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">22,865</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Non-controlling interests’ share in continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Participating securities’ share in earnings</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(166</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(225</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from continuing operations, less participating
securities’ share in earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">25,445</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">22,596</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from discontinued operations attributable to MPT common
stockholders</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">8,643</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net income, less participating securities’ share in
earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,482</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,239</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Denominator:</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Basic weighted-average common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">154,758</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">134,781</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Dilutive potential common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,211</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Dilutive weighted-average common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">155,969</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">134,782</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="78%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Nine Months<br />
Ended September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Numerator:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">76,819</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">50,424</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Non-controlling interests’ share in continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Participating securities’ share in earnings</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(538</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(715</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from continuing operations, less participating
securities’ share in earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">76,116</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">49,579</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from discontinued operations attributable to MPT common
stockholders</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,498</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,050</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net income, less participating securities’ share in
earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">78,614</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">60,629</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Denominator:</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Basic weighted-average common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">148,204</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">131,467</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Dilutive potential common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,313</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Dilutive weighted-average common shares</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">149,517</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">131,467</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>MPT Operating Partnership, L.P.</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Our earnings per common unit were calculated based on the following
(amounts in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="78%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Three Months</b><br />
<b>Ended September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Numerator:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,666</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">22,865</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Non-controlling interests’ share in continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Participating securities’ share in earnings</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(166</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(225</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from continuing operations, less participating
securities’ share in earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">25,445</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">22,596</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from discontinued operations attributable to MPT Operating
Partnership partners</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">8,643</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net income, less participating securities’ share in
earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,482</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,239</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Denominator:</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Basic weighted-average units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">154,758</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">134,781</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Dilutive potential units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,211</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1</td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Dilutive weighted-average units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">155,969</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">134,782</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="78%"></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="6%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center"><b>For the Nine
Months</b><br />
<b>Ended September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Numerator:</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">76,819</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">50,424</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Non-controlling interests’ share in continuing operations</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Participating securities’ share in earnings</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(538</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(715</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from continuing operations, less participating
securities’ share in earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">76,116</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">49,579</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income from discontinued operations attributable to MPT Operating
Partnership partners</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,498</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,050</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net income, less participating securities’ share in
earnings</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">78,614</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">60,629</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Denominator:</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Basic weighted-average units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">148,204</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">131,467</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Dilutive potential units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,313</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Dilutive weighted-average units</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">149,517</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">131,467</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
For the three and nine months ended September 30, 2012,
0.1 million of options were excluded from the diluted earnings
per share/unit calculation as they were not determined to be
dilutive. In addition, shares/units that may be issued in the
future in accordance with our exchangeable senior notes (which were
paid off in April 1, 2013) were excluded from the 2012 diluted
earnings per share/unit calculation as they were not determined to
be dilutive.</p>
</div>
<div>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The following table presents the results of discontinued
operations, for the three and nine months ended September 30,
2013 and 2012 (dollar amounts in thousands except per share/unit
amounts):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="92%" align="center">
<tr>
<td width="71%"></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="4%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Three Months</b><br />
<b>Ended September 30,</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center">
<b>For the Nine Months</b><br />
<b>Ended September 30,</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Revenues</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">460</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">568</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">5,919</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Gain (loss) on sale</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">8,726</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,054</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">7,280</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">8,643</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,498</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,050</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Earnings per share/unit — diluted</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.06</td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.02</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">0.08</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
</table>
</div>
0.02
<div>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>2. Summary of Significant Accounting Policies</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Unaudited Interim Condensed Consolidated Financial
Statements</i>: The accompanying unaudited interim condensed
consolidated financial statements have been prepared in accordance
with accounting principles generally accepted in the United States
for interim financial information, including rules and regulations
of the Securities and Exchange Commission. Accordingly, they do not
include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements.
In the opinion of management, all adjustments (consisting of normal
recurring accruals) considered necessary for a fair presentation
have been included. Operating results for the three and nine month
periods ended September 30, 2013, are not necessarily indicative of
the results that may be expected for the year ending December 31,
2013. The condensed consolidated balance sheet at December 31, 2012
has been derived from the audited financial statements at that date
but does not include all of the information and footnotes required
by accounting principles generally accepted in the United States
for complete financial statements.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
For information about significant accounting policies, refer to the
consolidated financial statements and footnotes thereto included in
our Annual Report on Form 10-K for the year ended December 31,
2012. During the nine months ended September 30, 2013, there were
no material changes to these policies.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Reclassifications:</i> Certain reclassifications have been made
to the condensed consolidated financial statements to conform to
the 2013 consolidated financial statement presentation. These
reclassifications had no impact on stockholders’ equity or
net income.</p>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Variable Interest Entities</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
At September 30, 2013, we had loans to and/or equity investments in
several variable interest entities (“VIEs”) for which
we are not the primary beneficiary. The carrying value and
classification of the related assets and maximum exposure to loss
as a result of our involvement with these VIEs are presented below
at September 30, 2013 (in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="84%" align="center"><!-- Begin Table Head -->
<tr>
<td width="51%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td width="22%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom" nowrap="nowrap">
<p style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 33.6pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<b>VIE Type</b></p>
</td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Maximum
Loss</b><br />
<b>Exposure(1)</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" nowrap="nowrap" align="center">
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt" align="center"><b>Asset Type</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt" align="center"><b>Classification</b></p>
</td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Carrying</b><br />
<b>Amount(2)</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Loans, net</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">283,157</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" align="center">Mortgage and other loans</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">229,646</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Equity investments</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">19,519</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" align="center">Other assets</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">5,079</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<!-- End Table Body --></table>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left">(1)</td>
<td valign="top" align="left">Our maximum loss exposure related to
loans with VIEs represents our current aggregate gross carrying
value of the loan plus accrued interest and any other related
assets (such as rent receivables), less any liabilities. Our
maximum loss exposure related to our equity investment in VIEs
represents the current carrying values of such investment plus any
other related assets (such as rent receivables) less any
liabilities.</td>
</tr>
</table>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left">(2)</td>
<td valign="top" align="left">Carrying amount reflects the net book
value of our loan or equity interest only in the VIE.</td>
</tr>
</table>
<p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px">
</p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
For the VIE types above, we do not consolidate the VIE because we
do not have the ability to control the activities (such as the
day-to-day healthcare operations of our borrower or investee) that
most significantly impact the VIE’s economic performance. As
of September 30, 2013, we were not required to provide financial
support through a liquidity arrangement or otherwise to our
unconsolidated VIEs, including circumstances in which it could be
exposed to further losses (e.g., cash short falls).</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Typically, our loans are collateralized by assets of the borrower
(some assets of which are on the premises of facilities owned by
us) and further supported by limited guarantees made by certain
principals of the borrower.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
See Note 3 for additional description of the nature, purpose and
activities of our more significant VIEs and interests therein.</p>
<!-- xbrl,n --></div>
0.51
<div>
<p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
<b>1. Organization</b></p>
<p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Medical Properties Trust, Inc., a Maryland corporation, was formed
on August 27, 2003, under the General Corporation Law of
Maryland for the purpose of engaging in the business of investing
in, owning, and leasing commercial real estate. Our operating
partnership subsidiary, MPT Operating Partnership, L.P., (the
“Operating Partnership”) through which we conduct all
of our operations, was formed in September 2003. Through another
wholly-owned subsidiary, Medical Properties Trust, LLC, we are the
sole general partner of the Operating Partnership. At present, we
directly own substantially all of the limited partnership interests
in the Operating Partnership and have elected to report our
required disclosures and that of the Operating Partnership on a
combined basis except where material differences exist.</p>
<p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
We have operated as a real estate investment trust
(“REIT”) since April 6, 2004, and accordingly,
elected REIT status upon the filing in September 2005 of the
calendar year 2004 federal income tax return. Accordingly, we will
not be subject to U.S. federal income tax, provided that we
continue to qualify as a REIT and our distributions to our
stockholders equal or exceed our taxable income. Certain activities
we undertake must be conducted by entities which we elected to be
treated as taxable REIT subsidiaries (“TRSs”). Our TRSs
are subject to both U.S. federal and state income taxes.</p>
<p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Our primary business strategy is to acquire and develop real estate
and improvements, primarily for long-term lease to providers of
healthcare services such as operators of general acute care
hospitals, inpatient physical rehabilitation hospitals, long-term
acute care hospitals, surgery centers, centers for treatment of
specific conditions such as cardiac, pulmonary, cancer, and
neurological hospitals, and other healthcare-oriented facilities.
We also make mortgage and other loans to operators of similar
facilities. In addition, we may obtain profits or equity interests
in our tenants, from time to time, in order to enhance our overall
return. We manage our business as a single business segment. All of
our properties are currently located in the United States; however,
we have committed to acquire the RHM Portfolio (as more fully
described in Note 10) which will represent our first acquisition
(if consummated) outside of the United States.</p>
</div>
0.55
<div>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>11. Subsequent Events</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On October 16, 2013, we began construction on a free standing
emergency room facility in San Antonio, Texas that will be leased
to First Choice, for a total development price of $5.2 million. The
facility is expected to be completed in the first quarter of
2014.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
In order to fund the RHM Portfolio Acquisition, on October 10,
2013, we completed a public offering of €200 million
aggregate principal amount of our 5.750% Senior Notes due 2020 (the
“Notes”). Interest on the Notes will be payable
semi-annually on April 1 and October 1 of each year, commencing on
April 1, 2014. The Notes will pay interest in cash at a rate of
5.750% per year. The Notes mature on October 1, 2020. We may redeem
some or all of the Notes at any time prior to October 1, 2016 at a
“make-whole” redemption price. On or after October 1,
2016, we may redeem some or all of the Notes at a premium that will
decrease over time. In addition, at any time and from time to time
prior to October 1, 2016 the Issuers may redeem up to 35% of the
aggregate principal amount of the Notes using the proceeds of one
or more equity offerings. The Notes are fully and unconditionally
guaranteed, jointly and severally, on an unsecured basis, by
certain subsidiary guarantors. In the event of a Change of Control,
each holder of the Notes may require us to repurchase some or all
of our Notes at a repurchase price equal to 101% of the aggregate
principal amount of the Notes plus accrued and unpaid interest to
the date of purchase.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Proceeds from this offering are currently in escrow and our receipt
of such proceeds is dependent on closing of the RHM Portfolio
Acquisition. If the conditions to closing the RHM Portfolio
Acquisition (other than the payment of the acquisition
consideration and other than those conditions that by their terms
are to be satisfied contemporaneously with the consummation of the
RHM Portfolio Acquisition) are not satisfied or waived on or prior
to 90 days after the closing date of this offering of Notes, we
will be required by the terms of the indenture governing the Notes
to redeem the Notes at the aggregate offering price plus accrued
and unpaid interest up to, but excluding, the redemption date.</p>
<!-- xbrl,n -->
</div>
148204000
<div>
<p>The carrying value and classification of the related assets and
maximum exposure to loss as a result of our involvement with these
VIEs are presented below at September 30, 2013 (in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="84%" align="center"><!-- Begin Table Head -->
<tr>
<td width="51%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="5%"></td>
<td width="22%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom" nowrap="nowrap">
<p style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 33.6pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<b>VIE Type</b></p>
</td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Maximum
Loss</b><br />
<b>Exposure(1)</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" nowrap="nowrap" align="center">
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt" align="center"><b>Asset Type</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt" align="center"><b>Classification</b></p>
</td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Carrying</b><br />
<b>Amount(2)</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Loans, net</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">283,157</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" align="center">Mortgage and other loans</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">229,646</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Equity investments</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">19,519</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" align="center">Other assets</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">5,079</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<!-- End Table Body --></table>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left">(1)</td>
<td valign="top" align="left">Our maximum loss exposure related to
loans with VIEs represents our current aggregate gross carrying
value of the loan plus accrued interest and any other related
assets (such as rent receivables), less any liabilities. Our
maximum loss exposure related to our equity investment in VIEs
represents the current carrying values of such investment plus any
other related assets (such as rent receivables) less any
liabilities.</td>
</tr>
</table>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left">(2)</td>
<td valign="top" align="left">Carrying amount reflects the net book
value of our loan or equity interest only in the VIE.</td>
</tr>
</table>
</div>
0.02
<div>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
<b>6. Stock Awards</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 6pt; TEXT-INDENT: 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
We adopted the 2013 Equity Incentive Plan (the “Equity
Incentive Plan”) during the second quarter of 2013, which
authorizes the issuance of common stock options, restricted stock,
restricted stock units, deferred stock units, stock appreciation
rights, performance units and awards of interests in our Operating
Partnership. The Equity Incentive Plan replaced the 2004 Equity
Incentive Plan (“2004 Plan”). The Equity Incentive Plan
is administered by the Compensation Committee of the Board of
Directors. We have reserved 7,395,132 shares of common stock for
awards under the Equity Incentive Plan (including 495,132 remaining
shares under the 2004 Plan that were transferred to the Equity
Incentive Plan) for which 7,395,132 shares remain available for
future stock awards as of September 30, 2013. For each share
of common stock issued by Medical Properties Trust, Inc. pursuant
to the Equity Incentive Plan, the Operating Partnership issues a
corresponding number of operating partnership units. We awarded the
following stock awards during the 2013 and 2012 first quarters:</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 6pt; TEXT-INDENT: 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; COLOR: rgb(0,0,0); MARGIN-LEFT: 62px; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
<i>Time-based awards</i>—We granted 240,425 and 275,464
shares in 2013 and 2012, respectively, of time-based restricted
stock to management and independent directors. These awards vest
quarterly based on service, over three years, in equal amounts.</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 6pt; TEXT-INDENT: 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; COLOR: rgb(0,0,0); MARGIN-LEFT: 62px; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
<i>Performance-based awards</i>—Our management team and
certain employees (2012 only) were awarded 204,255 and 252,566
performance based awards in 2013 and 2012, respectively. These
awards vest ratably over a three year period based on the
achievement of certain total shareholder return measures, with a
carry-back and carry-forward provision through December 31,
2016 (for the 2012 awards) and December 31, 2017 (for the 2013
awards). Dividends on these awards are paid only upon achievement
of the performance measures.</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 6pt; TEXT-INDENT: 0px; LETTER-SPACING: normal; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; COLOR: rgb(0,0,0); MARGIN-LEFT: 62px; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
<i>Multi-year Performance-based awards</i>—We awarded 550,000
and 649,793 shares in 2013 and 2012, respectively, of multi-year
performance-based awards to management and certain employees (2012
only). These shares are subject to three-year cumulative
performance hurdles based on measures of total shareholder return.
At the end of the three-year performance period, any earned shares
will be subject to an additional two years of ratable time-based
vesting on an annual basis. Dividends are paid on these shares only
upon achievement of the performance measures.</p>
</div>
<div>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>10. Commitments and Contingencies</b></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Contingencies</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
We are a party to various legal proceedings incidental to our
business. In the opinion of management, after consultation with
legal counsel, the ultimate liability, if any, with respect to
those proceedings is not presently expected to materially affect
our financial position, results of operations or cash flows.</p>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Commitments</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>RHM Portfolio Acquisition</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On September 13, 2013, we entered into an agreement to acquire
11 rehabilitation facilities in the Federal Republic of Germany
from RHM Klinik-und Altenheimbetriebe GmbH & Co. KG
(“RHM”) for an aggregate purchase price, including
payment of applicable transfer taxes, of €184.0 million
(plus a commitment to provide up to €10.0 million in
financing for the construction of additions to the facilities
within the next two years)(“RHM Portfolio
Acquisition”). Each of the facilities will be leased back to
RHM under a master lease providing for a term of 27 years and for
annual rent increases of 2.0% from 2015 through 2017, and of 0.5%
thereafter. On December 31, 2020 and every three years
thereafter, rent will also be increased to reflect 70% of
cumulative increases in the German consumer price index.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The RHM Portfolio Acquisition will represent our first acquisition
outside of the United States; however the deal is currently
structured similarly to our transactions in the United States. This
acquisition would add a portfolio of assets with a financially
stable long-term operating history backed by an international
private equity sponsor.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
Pursuant to the terms of the acquisition agreement, if the
conditions precedent to acquiring the 11 facilities are not
satisfied or waived on or prior to 90 days after the date of the
acquisition agreement, we and the seller will each have the option
to close the RHM Portfolio Acquisition with respect to a lesser
number of facilities and for a reduced aggregate purchase price. We
intend to consummate the RHM Portfolio Acquisition during the
fourth quarter of 2013. No assurance can be given that any portion
of the RHM Portfolio Acquisition will occur as described herein or
at all.</p>
</div>
2054000
2498000
89570000
1445000
2511000
79317000
82105000
2498000
371500000
43282000
2054000
-245000
11185000
2788000
29284000
87928000
3300000
38997000
175900000
568000
81940000
-4156000
120449000
371500000
8260000
200000000
196708000
76819000
-43630000
79152000
55451000
-4282000
165000
41633000
21423000
2624000
286513000
165000
6019000
26051000
-25187000
1520000
18409000
45896000
313319000
4694000
6457000
6457000
538000
27000000
153000000
18409000
-413264000
165000
6084000
<div>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Income</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Three Months Ended September 30, 2013</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="53%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Revenues</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Rent billed</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">29,770</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">5,403</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(3,295</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,878</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Straight-line rent</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,189</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">664</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,853</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Income from direct financing leases</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">10,519</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,750</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(4,971</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">11,298</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Interest and fee income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,004</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">9,161</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,299</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,037</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">14,427</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total revenues</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,004</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">51,639</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">19,116</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(15,303</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">60,456</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Expenses</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Real estate depreciation and amortization</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,363</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">426</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,789</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Property-related</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">182</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">251</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,291</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(8,266</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">458</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
General and administrative</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,867</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(487</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,380</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Acquisition expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,179</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,179</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total operating expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">11,228</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,614</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,230</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(8,266</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">19,806</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 6em; FONT-SIZE: 10pt">
Operating income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(6,224</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">43,025</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">10,886</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,037</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">40,650</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Other income (expense)</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(2</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">3</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Earnings from equity and other interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">454</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">389</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">843</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(16,055</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">454</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,266</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,037</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(15,830</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(16,050</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">908</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(6,879</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,037</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(14,984</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Income (loss) from continuing operations</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(22,274</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">43,933</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,007</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,666</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from discontinued operations</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">37</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Equity in earnings of consolidated subsidiaries, net of income
taxes</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">47,977</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,114</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(74,794</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">45,047</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,044</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(74,794</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Net income (loss) attributable to non-controlling interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">55</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
<b>Net income attributable to MPT common stockholders</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,648</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,648</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">45,047</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">4,044</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(74,739</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,648</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,in -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,in -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Income</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Nine Months Ended September 30, 2013</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="50%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Revenues</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Rent billed</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">89,149</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">14,970</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(9,045</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">95,074</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Straight-line rent</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,617</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,643</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,260</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Income from direct financing leases</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">27,387</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">16,744</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(14,847</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">29,284</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Interest and fee income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">15,112</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">27,565</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">21,816</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(21,211</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">43,282</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total revenues</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">15,112</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">150,718</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">55,173</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(45,103</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">175,900</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Expenses</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Real estate depreciation and amortization</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">24,775</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,276</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">26,051</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Property-related</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">458</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">792</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">24,162</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(23,892</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,520</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
General and administrative</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">21,286</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">137</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">21,423</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Acquisition expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,457</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,457</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total operating expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">28,201</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,567</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">25,575</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(23,892</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">55,451</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 6em; FONT-SIZE: 10pt">
Operating income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(13,089</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">125,151</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">29,598</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(21,211</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">120,449</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Other income (expense)</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(37</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(208</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(245</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Earnings from equity and other interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">687</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,824</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,511</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(46,298</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,083</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(21,892</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">21,211</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(45,896</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(46,335</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,770</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(20,276</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">21,211</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(43,630</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
<b>Income (loss) from continuing operations</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(59,424</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">126,921</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">9,322</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">76,819</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from discontinued operations</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(4</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,502</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,498</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Equity in earnings of consolidated subsidiaries net of income
taxes</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">138,741</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">3,356</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(221,414</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">130,273</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">11,824</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(221,414</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Net income (loss) attributable to non-controlling interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">165</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
<b>Net income attributable to MPT common stockholders</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,152</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,152</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">130,273</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">11,824</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(221,249</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,152</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,in -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,in -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Income</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Three Months Ended September 30, 2012</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="52%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Revenues</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Rent billed</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">28,470</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">4,163</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(2,335</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">30,298</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Straight-line rent</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,371</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">374</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">2,745</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from direct financing leases</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,238</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,394</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(4,859</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,773</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest and fee income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,242</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,917</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,943</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,065</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">14,037</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Total revenues</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,242</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">44,996</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">16,874</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(14,259</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">52,853</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Real estate depreciation and amortization</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,883</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">425</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,308</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Property-related</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">88</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">116</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,204</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,194</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">214</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
General and administrative</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,332</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">720</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,052</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Acquisition expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">410</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">410</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total operating expenses</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">6,830</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,999</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,349</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,194</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">15,984</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 9em; FONT-SIZE: 10pt">
Operating income (loss)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,588</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">36,997</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,525</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,065</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">36,869</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Other income (expense)</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(21</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(2</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(23</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Earnings from equity and other interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">331</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">734</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,065</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(15,203</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">388</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(7,296</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,065</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(15,046</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net other income (expense)</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(15,224</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">717</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(6,562</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">7,065</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(14,004</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Income (loss) from continuing operations</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(16,812</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">37,714</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,963</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">22,865</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income (loss) from discontinued operations</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">314</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,329</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">8,643</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Equity in earnings of consolidated subsidiaries, net of income
taxes</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">48,320</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,129</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(80,957</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">39,157</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">10,292</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(80,957</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income (loss) attributable to non-controlling interests</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">44</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Net income attributable to MPT common stockholders</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,464</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,464</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">39,157</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">10,292</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(80,913</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,464</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,in -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,in -->
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
<b>Condensed Consolidated Statements of Income</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
<b>For the Nine Months Ended September 30, 2012</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
<b>(in thousands)</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 12pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
 </p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
</p>
<table style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; LETTER-SPACING: normal; FONT-SIZE: 10pt; WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="50%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Revenues</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Rent billed</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">85,160</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">12,446</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(6,926</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">90,680</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Straight-line rent</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">4,310</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,119</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">5,429</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Income from direct financing leases</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,730</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">12,600</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(11,351</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">12,979</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest and fee income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">13,219</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">20,620</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">17,358</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(17,711</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">33,486</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Total revenues</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">13,219</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">121,820</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">43,523</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(35,988</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">142,574</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Expenses</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Real estate depreciation and amortization</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">23,551</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,275</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">24,826</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Property-related</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">349</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">580</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">18,375</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(18,277</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,027</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
General and administrative</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">20,067</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,274</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">21,341</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Acquisition expenses</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">4,115</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">4,115</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total operating expenses</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">24,531</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">24,131</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">20,924</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(18,277</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">51,309</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 9em; FONT-SIZE: 10pt">
Operating income (loss)</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(11,312</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">97,689</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">22,599</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(17,711</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">91,265</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Other income (expense)</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Other income (expense)</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(49</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(2</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(4</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Earnings from equity and other interests</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">783</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,161</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,944</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Interest income (expense)</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(42,905</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">867</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(18,403</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">17,711</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(42,730</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net other income (expense)</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(42,954</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,648</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(17,246</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">17,711</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(40,841</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Income (loss) from continuing operations</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(54,266</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">99,337</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">5,353</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">50,424</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Income (loss) from discontinued operations</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">106</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">10,944</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,050</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Equity in earnings of consolidated subsidiaries net of income
taxes</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">115,740</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">3,367</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(180,581</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">102,810</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">16,297</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(180,581</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income (loss) attributable to non-controlling interests</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">130</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Net income attributable to MPT common stockholders</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,344</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,344</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">102,810</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">16,297</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(180,451</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,344</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
As of September 30, 2013, principal payments due for our debt
(which exclude the effects of any discounts or premiums recorded)
are as follows (in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="68%" align="center">
<tr>
<td width="85%"></td>
<td valign="bottom" width="5%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2013</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">64</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2014</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">266</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2015</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">45,283</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2016</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">225,299</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
2017</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">320</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Thereafter</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">812,781</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Total</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,084,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left">(A)</td>
<td valign="top" align="left">The exchangeable senior notes were
paid in full on April 1, 2013.</td>
</tr>
</table>
</div>
<div>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
<b>Condensed Consolidated Statements of Comprehensive
Income</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
<b>For the Three Months Ended September 30, 2013</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
<b>(in thousands)</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 12pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
 </p>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
</p>
<table style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; LETTER-SPACING: normal; FONT-SIZE: 10pt; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="53%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">45,047</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">4,044</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(74,794</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,703</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Other comprehensive income:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unrealized gain on interest rate swap</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">182</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">182</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(182</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">182</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total comprehensive income</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">25,885</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">25,885</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">45,047</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">4,044</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(74,976</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">25,885</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Comprehensive income attributable to non-controlling interests</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">55</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(55</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Comprehensive income attributable to MPT common
stockholders</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,830</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,830</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">45,047</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">4,044</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(74,921</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">25,830</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<br class="Apple-interchange-newline" />
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Comprehensive
Income</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Nine Months Ended September 30, 2013</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="50%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">130,273</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">11,824</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(221,414</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">79,317</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Other comprehensive income:</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unrealized gain on interest rate swap</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,788</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,788</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(2,788</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,788</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total comprehensive income</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">82,105</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">82,105</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">130,273</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,824</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(224,202</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">82,105</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Comprehensive income attributable to non-controlling interests</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">165</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(165</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Comprehensive income attributable to MPT common
stockholders</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">81,940</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">81,940</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">130,273</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">11,824</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(224,037</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">81,940</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
 </p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Comprehensive
Income</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Three Months Ended September 30, 2012</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="52%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">39,157</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">10,292</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(80,957</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,508</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Other comprehensive income (loss):</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unrealized loss on interest rate swap</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(443</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(443</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">443</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(443</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total comprehensive income</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">31,065</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">31,065</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">39,157</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">10,292</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(80,514</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">31,065</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Comprehensive income attributable to non-controlling interests</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">44</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(44</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Comprehensive income attributable to MPT common
stockholders</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,021</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,021</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">39,157</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">10,292</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(80,470</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">31,021</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Comprehensive
Income</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Nine Months Ended September, 30, 2012</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="50%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">102,810</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">16,297</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(180,581</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">61,474</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Other comprehensive income (loss):</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Unrealized loss on interest rate swap</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(989</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(989</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">989</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(989</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total comprehensive income</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">60,485</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">60,485</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">102,810</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">16,297</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(179,592</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">60,485</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Comprehensive income attributable to non-controlling interests</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">130</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(130</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Comprehensive income attributable to MPT common
stockholders</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">60,355</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">60,355</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">102,810</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">16,297</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(179,462</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">60,355</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
80000000
9400000
95074000
0.95
<div>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>5. Common Stock/Partners’ Capital</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Medical Properties Trust, Inc.</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On August 20, 2013, we completed an offering of 11,500,000 shares
of common stock (including 1,500,000 shares sold pursuant to the
exercise in full of the underwriters’ option to purchase
additional shares) at a price of $12.75 per share, resulting in net
proceeds (after underwriting discount and expenses) of $140.4
million. These proceeds were used to fund the acquisition of the
three IASIS properties more fully described in Note 3.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
On February 28, 2013, we completed an offering of 12,650,000 shares
of our common stock (including 1,650,000 shares sold pursuant to
the exercise in full of the underwriters’ option to purchase
additional shares) at a price of $14.25 per share, resulting in net
proceeds (after underwriting discount and expenses) of $172.9
million. A portion of the net proceeds from this offering were used
to pay down our revolving credit facility.</p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
To help fund the 2012 acquisitions disclosed in Note 3, on February
7, 2012, we completed an offering of 23,575,000 shares of our
common stock (including 3,075,000 shares sold pursuant to the
exercise in full of the underwriters’ overallotment option)
at a price of $9.75 per share, resulting in net proceeds (after
underwriting discount) of $220.1 million.</p>
<p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>MPT Operating Partnership, L.P.</i></p>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
At September 30, 2013, the Company has a 99.8% ownership interest
in Operating Partnership with the remainder owned by three other
partners, two of which are employees and one of which is a
director. During the nine months ended September 30, 2013 and 2012,
the partnership issued 24,150,000 and 23,575,000 units,
respectively, in direct response to the common stock offerings by
Medical Properties Trust, Inc.</p>
</div>
0.090
78614000
76116000
<div>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Cash Flows</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Nine Months Ended September 30, 2013</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="62%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Operating Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net cash provided by (used in) operating activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">91</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(38,891</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">156,913</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(16,549</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">101,564</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Investing Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Cash paid for acquisitions and other related investments</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(95,000</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(276,500</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(371,500</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Principal received on loans receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,694</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,694</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net proceeds from sale of real estate</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">18,409</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">18,409</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Investments in and advances to subsidiaries</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(225,683</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(267,545</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,506</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">269,142</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">225,592</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Investments in loans receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,445</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,445</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Construction in progress and other</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(765</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(63,691</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,034</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(63,422</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Net cash provided by (used in) investing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(225,683</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(268,310</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(160,197</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">15,334</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">225,592</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(413,264</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Financing Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Revolving credit facilities, net</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(80,000</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(80,000</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Additions to term debt, net of discount</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">153,000</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">153,000</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Payments of term debt</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(11,000</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(185</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(11,185</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Distributions paid</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(87,727</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(87,928</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">87,727</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(87,928</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Proceeds from sale of common shares/units, net of offering
costs</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">313,319</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">313,319</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(313,319</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">313,319</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Lease deposits and other obligations to tenants</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,719</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,870</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">3,589</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Debt issuance costs paid and other financing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(4,282</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(4,282</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Net cash provided by financing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">225,592</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">283,109</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,719</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,685</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(225,592</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">286,513</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Increase (decrease) in cash and cash equivalents for period</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(24,092</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,565</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">470</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(25,187</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 9em; FONT-SIZE: 10pt">
Cash and cash equivalents at beginning of period</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">35,483</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,565</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">263</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">37,311</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Cash and cash equivalents at end of period</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">11,391</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">733</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">12,124</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,cf -->
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<!-- xbrl,cf -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Statements of Cash Flows</b></p>
<!-- xbrl,body -->
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>For the Nine Months Ended September 30, 2012</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
</p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"><!-- Begin Table Head -->
<tr>
<td width="58%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"></td>
</tr>
<!-- End Table Head --><!-- Begin Table Body -->
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Operating Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Net cash provided by (used in) operating activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">16</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(38,780</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">109,018</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">4,455</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">74,709</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Investing Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Cash paid for acquisitions and other related investments</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(410,000</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(196,500</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(606,500</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Principal received on loans receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">5,491</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">4,016</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">9,507</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Net proceeds from sale of real estate</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">800</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">33,300</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">34,100</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Investments in and advances to subsidiaries</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(143,554</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(540,016</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">380,605</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">159,427</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">143,538</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Investments in loans receivable</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,293</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,293</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Construction in progress and other</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(59</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(33,869</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,992</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(35,920</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Net cash used in investing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(143,554</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(540,075</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(56,973</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(3,042</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">143,538</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(600,106</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Financing Activities</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Revolving credit facilities, net</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">75,000</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(39,600</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">35,400</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Additions to term debt</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">300,000</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">300,000</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Payments of term debt</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(171</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(171</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Distributions paid</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(76,569</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(76,770</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">76,569</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(76,770</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Proceeds from sale of common stock/units, net of offering costs</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">220,107</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">220,107</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(220,107</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">220,107</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Lease deposits and other obligations to tenants</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(12,289</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,102</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(13,391</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Debt issuance costs paid and other financing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(6,341</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(6,341</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Net cash provided by (used in) financing activities</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">143,538</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">511,996</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(51,889</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(1,273</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(143,538</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">458,834</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Increase in cash and cash equivalents for period</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(66,859</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">156</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">140</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">(66,563</td>
<td valign="bottom" nowrap="nowrap">)</td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 9em; FONT-SIZE: 10pt">
Cash and cash equivalents at beginning of period</p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">101,230</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">1,409</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">87</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom" align="right">102,726</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"></p>
</td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Cash and cash equivalents at end of period</b></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">34,371</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,565</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">227</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—</td>
<td valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">36,163</td>
<td valign="bottom" nowrap="nowrap"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"></p>
</td>
<td></td>
</tr>
<!-- End Table Body --></table>
<!-- /xbrl,cf --></div>
<div>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<i>Reclassifications:</i> Certain reclassifications have been made
to the condensed consolidated financial statements to conform to
the 2013 consolidated financial statement presentation. These
reclassifications had no impact on stockholders’ equity or
net income.</p>
</div>
<div>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
To illustrate the effect of movements in the DLOM, we performed a
sensitivity analysis below by using basis point variations (dollars
in thousands):</p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 12pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px">
 </p>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
</p>
<table style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; LETTER-SPACING: normal; FONT-SIZE: 8pt; WORD-SPACING: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px" border="0" cellspacing="0" cellpadding="0" width="68%" align="center">
<tr>
<td width="69%"></td>
<td valign="bottom" width="28%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom" nowrap="nowrap">
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: 'Times New Roman'; MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt">
<b>Basis Point</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: 'Times New Roman'; MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt">
<b>Change in</b></p>
<p style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt; WIDTH: 79.65pt; FONT-FAMILY: 'Times New Roman'; MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt">
<b>Marketability Discount</b></p>
</td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center">
<b>Estimated Increase (Decrease)</b><br />
<b>In Fair Value</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
+100 basis points</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(300</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
- 100 basis points</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">300</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
</table>
<br class="Apple-interchange-newline" /></div>
P20Y
3589000
9216000
P5Y
245000
63422000
<div>
<p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The following is a summary of our loans (in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="72%"></td>
<td valign="bottom" width="7%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="7%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>As of</b><br />
<b>September 30,</b><br />
<b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>As of</b><br />
<b>December 31,</b><br />
<b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Mortgage loans</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">368,650</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">368,650</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Acquisition loans</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">103,516</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">98,433</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Working capital and other loans</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">54,377</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">57,458</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Convertible loan</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">3,352</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">3,352</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">529,895</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">527,893</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
The components of our net investment in DFL consisted of the
following (dollars in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="76%" align="center">
<tr>
<td width="62%"></td>
<td valign="bottom" width="11%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="11%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center">
<b>As of September 30,</b><br />
<b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center">
<b>As of December 31,</b><br />
<b>2012</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Minimum lease payments receivable</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,566,155</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,277,923</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Estimated residual values</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">211,283</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">201,283</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Less: Unearned income</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(1,373,926</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(1,164,794</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Net investment in direct financing leases</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">403,512</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">314,412</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
 </p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
<b>Condensed Consolidated Balance Sheet</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
<b>September 30, 2013</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 10pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
<b>(in thousands)</b></p>
<p style="TEXT-TRANSFORM: none; MARGIN-TOP: 0pt; TEXT-INDENT: 0px; FONT: 12pt 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0pt; LETTER-SPACING: normal; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px">
 </p>
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
</p>
<table style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; BORDER-COLLAPSE: collapse; FONT-FAMILY: 'Times New Roman'; LETTER-SPACING: normal; FONT-SIZE: 10pt; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="46%"></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="2%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"> </td>
<td valign="bottom">  </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Assets</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Real estate assets</b></p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Land, buildings and improvements and intangible lease assets</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,259,234</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">347,198</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,606,432</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Mortgage loans</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">268,650</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">100,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">368,650</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Net investment in direct financing leases</p>
</td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom">  </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">186,586</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">216,926</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">403,512</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Gross investment in real estate assets</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,714,470</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">664,124</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,378,594</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Accumulated depreciation and amortization</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(142,939</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(7,727</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(150,666</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 6em; FONT-SIZE: 10pt">
Net investment in real estate assets</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,571,531</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">656,397</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,227,928</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Cash and cash equivalents</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,391</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">733</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">12,124</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Interest and rent receivable</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">715</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">29,284</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">24,506</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">54,505</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Straight-line rent receivable</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">36,051</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">8,189</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">44,240</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Other loans</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">178</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">161,067</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">161,245</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Net intercompany receivable</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">32,053</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,639,081</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(1,671,134</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Investment in subsidiaries</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,358,959</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">783,441</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">43,557</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(2,185,957</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Other assets</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">32,534</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">980</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">29,594</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">63,108</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Total Assets</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,391,012</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,467,340</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,681,403</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">880,486</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(3,857,091</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,563,150</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Liabilities and Equity</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Liabilities</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Debt, net</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,072,960</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">14,013</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,086,973</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Accounts payable and accrued expenses</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">32,443</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">35,705</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">4,935</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">769</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">73,852</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Net intercompany payable</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">998,987</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">672,147</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(1,671,134</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Deferred revenue</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(284</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">17,970</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">5,543</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">23,229</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Lease deposits and other obligations to tenants</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">17,923</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,604</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">20,527</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 7em; FONT-SIZE: 10pt">
Total liabilities</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">32,443</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,108,381</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,039,815</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">695,076</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(1,671,134</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,204,581</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Total equity</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,358,569</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,358,959</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">641,588</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">185,410</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(2,185,957</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,358,569</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Total Liabilities and Equity</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,391,012</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt">  </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,467,340</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,681,403</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">880,486</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(3,857,091</td>
<td valign="bottom" nowrap="nowrap">)</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,563,150</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom">  </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: rgb(0,0,0) 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
<p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt">
 </p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>Condensed Consolidated Balance Sheet</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>December 31, 2012</b></p>
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
<b>(in thousands)</b></p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="52%"></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Parent</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Issuers</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Subsidiary</b><br />
<b>Guarantors</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center">
<b>Non-Guarantor</b><br />
<b>Subsidiaries</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Eliminations</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Total</b><br />
<b>Consolidated</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Assets</b></p>
</td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
<b>Real estate assets</b></p>
</td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Land, buildings and improvements and intangible lease assets</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">28</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,196,124</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">65,947</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,262,099</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Real estate held for sale</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">16,497</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">16,497</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Mortgage loans</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">268,650</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">100,000</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">368,650</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Investment in direct financing leases</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">110,155</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">204,257</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">314,412</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4em; FONT-SIZE: 10pt">
Gross investment in real estate assets</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">28</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,574,929</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">386,701</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,961,658</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Accumulated depreciation and amortization</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(118,163</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(6,452</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(124,615</td>
<td valign="bottom" nowrap="nowrap">) </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 6em; FONT-SIZE: 10pt">
Net investment in real estate assets</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">28</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,456,766</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">380,249</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,837,043</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Cash and cash equivalents</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">35,483</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,565</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">263</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">37,311</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Interest and rent receivable</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">212</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">29,159</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">15,918</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">45,289</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Straight-line rent receivable</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">29,314</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">6,546</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">35,860</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Other loans</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">177</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">159,066</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">159,243</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Net intercompany receivable</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">27,393</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,373,941</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(1,401,334</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Investment in subsidiaries</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,050,204</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">647,029</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">42,666</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(1,739,899</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Other assets</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">31,097</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,522</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">31,521</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">64,140</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Total Assets</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,077,597</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,087,967</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,560,992</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">593,563</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(3,141,233</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,178,886</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Liabilities and Equity</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Liabilities</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Debt, net</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,010,962</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">14,198</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,025,160</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Accounts payable and accrued expenses</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">27,783</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">26,658</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">10,492</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,028</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">65,961</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Net intercompany payable</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,000,117</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">401,217</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(1,401,334</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Deferred revenue</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">143</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">19,621</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">845</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">20,609</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt">
Lease deposits and other obligations to tenants</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">16,606</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">736</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">17,342</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 5em; FONT-SIZE: 10pt">
Total liabilities</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">27,783</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,037,763</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,046,836</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">418,024</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(1,401,334</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,129,072</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; FONT-SIZE: 10pt">
Total equity</p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,049,814</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,050,204</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">514,156</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">175,539</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">(1,739,899</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,049,814</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
<b>Total Liabilities and Equity</b></p>
</td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,077,597</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,087,967</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">1,560,992</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">593,563</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">(3,141,233</td>
<td valign="bottom" nowrap="nowrap">) </td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">2,178,886</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
</tr>
</table>
</div>
<div>
<p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt">
See table below for a status update on our current development
projects (in thousands):</p>
<p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt">
 </p>
<table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%" align="center">
<tr>
<td width="35%"></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom" width="1%"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<td valign="bottom" nowrap="nowrap">
<p style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 30.65pt; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">
<b>Property</b></p>
</td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"><b>Location</b></td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"><b>Property Type</b></td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"><b>Operator</b></td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Original</b><br />
<b>Commitment</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Costs</b><br />
<b>Incurred as</b><br />
<b>of September 30,</b><br />
<b>2013</b></td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Estimated</b><br />
<b>Completion</b><br />
<b>Date</b></td>
<td valign="bottom"> </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Victoria Rehabilitation Hospital</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">Victoria, TX</td>
<td valign="bottom"> </td>
<td valign="bottom"><font style="WHITE-SPACE: nowrap">Long-term Acute</font><br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Care Hospital</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">Post Acute Medical</td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">9,400</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom">$</td>
<td valign="bottom" align="right">8,391</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">4<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">th</sup> Qtr 2013</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr>
<td height="8"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="2"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
<td height="8" colspan="4"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
First Choice ER — Brodie</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">Austin, TX</td>
<td valign="bottom"> </td>
<td valign="bottom">General Acute<br />
Care Hospital</td>
<td valign="bottom"> </td>
<td valign="bottom">First Choice</td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">5,470</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1,509</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">1<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">st</sup> Qtr 2014</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
First Choice ER — Little Elm</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">Dallas, TX</td>
<td valign="bottom"> </td>
<td valign="bottom">General Acute<br />
Care Hospital</td>
<td valign="bottom"> </td>
<td valign="bottom">First Choice</td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">5,200</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">2,792</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">4<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">th</sup> Qtr 2013</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Rehabilitation Hospital of the Northwest</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">Post Falls, ID</td>
<td valign="bottom"> </td>
<td valign="bottom">Rehabilitation<br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Hospital</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">Ernest Health, Inc.</td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">14,387</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">10,389</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">4<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">th</sup> Qtr 2013</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Oakleaf Surgical Hospital</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">Altoona, WI</td>
<td valign="bottom"> </td>
<td valign="bottom">General Acute<br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Care Hospital</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">National Surgical<br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Hospitals</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">33,500</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">11,146</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">3<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">rd</sup> Qtr 2014</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
Northern Utah Rehabilitation Hospital</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">South Ogden, UT</td>
<td valign="bottom"> </td>
<td valign="bottom">Rehabilitation<br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Hospital</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">Ernest Health, Inc.</td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">19,153</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">7,406</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">3<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">rd</sup> Qtr 2014</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF">
<td valign="top">
<p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt">
First Choice Emergency Rooms</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">Various</td>
<td valign="bottom"> </td>
<td valign="bottom">General Acute<br />
<p style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt">
Care Hospital</p>
</td>
<td valign="bottom"> </td>
<td valign="bottom">First Choice</td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">89,330</td>
<td valign="bottom" nowrap="nowrap">  </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">—  </td>
<td valign="bottom" nowrap="nowrap"> </td>
<td valign="bottom"> </td>
<td valign="bottom"> </td>
<td valign="bottom" align="right">Various</td>
<td valign="bottom" nowrap="nowrap">  </td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 1px solid"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<td valign="top"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"><b>$</b></td>
<td valign="bottom" align="right"><b>176,440</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"><b>$</b></td>
<td valign="bottom" align="right"><b>41,633</b></td>
<td valign="bottom" nowrap="nowrap"><b>  </b></td>
<td valign="bottom"><font style="FONT-SIZE: 8pt"> </font></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
<tr style="FONT-SIZE: 1px">
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td valign="bottom">
<p style="BORDER-TOP: #000000 3px double"> </p>
</td>
<td> </td>
<td valign="bottom"> </td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
</tr>
</table>
</div>
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2498000
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538000
78614000
76116000
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3rd Qtr 2014
8391000
4th Qtr 2013
1509000
1st Qtr 2014
10389000
4th Qtr 2013
7406000
3rd Qtr 2014
2792000
4th Qtr 2013
2013-01-23
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0.020
0.050
0.005
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P15Y
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0.10
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0.205
5
1600000
P3Y
204255
P3Y
550000
P3Y
240425
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Variable
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0.53
0.53
0.60
149517000
101564000
0.51
0.02
0.51
148204000
0.02
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2511000
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0.16
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iso4217:USD
shares
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Excludes loans related to the Ernest Transaction since they are recorded at fair value and discussed below.
The exchangeable senior notes were paid in full on April 1, 2013.
Our maximum loss exposure related to loans with VIEs represents our current aggregate gross carrying value of the loan plus accrued interest and any other related assets (such as rent receivables), less any liabilities. Our maximum loss exposure related to our equity investment in VIEs represents the current carrying values of such investment plus any other related assets (such as rent receivables) less any liabilities.
Carrying amount reflects the net book value of our loan or equity interest only in the VIE.