0000049600-15-000027.txt : 20150720 0000049600-15-000027.hdr.sgml : 20150720 20150720152204 ACCESSION NUMBER: 0000049600-15-000027 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20150630 FILED AS OF DATE: 20150720 DATE AS OF CHANGE: 20150720 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EASTGROUP PROPERTIES INC CENTRAL INDEX KEY: 0000049600 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 132711135 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-07094 FILM NUMBER: 15995814 BUSINESS ADDRESS: STREET 1: P O BOX 22728 CITY: JACKSON STATE: MS ZIP: 39202 BUSINESS PHONE: 6013543555 MAIL ADDRESS: STREET 1: P O BOX 22728 CITY: JACKSON STATE: MS ZIP: 39202 FORMER COMPANY: FORMER CONFORMED NAME: EASTGROUP PROPERTIES II INC DATE OF NAME CHANGE: 19970529 FORMER COMPANY: FORMER CONFORMED NAME: ICM REALTY DATE OF NAME CHANGE: 19830719 10-Q 1 egp630201510-q.htm 10-Q EGP 6.30.2015 10-Q


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

FORM 10-Q

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

FOR THE QUARTER ENDED JUNE 30, 2015                                       COMMISSION FILE NUMBER 1-07094



EASTGROUP PROPERTIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

MARYLAND
13-2711135
(State or other jurisdiction
(I.R.S. Employer
of incorporation or organization)
Identification No.)
 
 
190 EAST CAPITOL STREET
 
SUITE 400
 
JACKSON, MISSISSIPPI
39201
(Address of principal executive offices)
(Zip code)
 
 
Registrant’s telephone number:  (601) 354-3555
 


Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  YES (x) NO ( )

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    YES (x)   NO ( )

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.   (Check one):

Large Accelerated Filer (x)     Accelerated Filer ( )      Non-accelerated Filer ( )     Smaller Reporting Company ( )

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
YES ( ) NO (x)

The number of shares of common stock, $.0001 par value, outstanding as of July 17, 2015 was 32,314,021.

-1-


EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES

FORM 10-Q

TABLE OF CONTENTS
FOR THE QUARTER ENDED JUNE 30, 2015 


 
 
Page
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



-2-




EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)

 
June 30,
2015
 
December 31,
2014
 
(Unaudited)
 
 
ASSETS
 
 
 
Real estate properties
$
1,932,961

 
1,894,973

Development
198,143

 
179,973

 
2,131,104

 
2,074,946

Less accumulated depreciation
(627,336
)
 
(600,526
)
 
1,503,768

 
1,474,420

Unconsolidated investment
8,090

 
7,884

Cash
13

 
11

Other assets
91,612

 
93,509

TOTAL ASSETS
$
1,603,483

 
1,575,824

 
 
 
 
LIABILITIES AND EQUITY
 

 
 

 
 
 
 
LIABILITIES
 

 
 

Secured debt
$
385,714

 
453,776

Unsecured debt
455,000

 
380,000

Unsecured bank credit facilities
133,328

 
99,401

Accounts payable and accrued expenses
35,166

 
39,439

Other liabilities
27,853

 
27,593

Total Liabilities
1,037,061

 
1,000,209

 
 
 
 
EQUITY
 

 
 

Stockholders’ Equity:
 

 
 

Common shares; $.0001 par value; 70,000,000 shares authorized; 32,314,021 shares issued and outstanding at June 30, 2015 and 32,232,587 at December 31, 2014
3

 
3

Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued
—

 
—

Additional paid-in capital on common shares
877,181

 
874,335

Distributions in excess of earnings
(313,392
)
 
(300,852
)
Accumulated other comprehensive loss
(1,770
)
 
(2,357
)
Total Stockholders’ Equity
562,022

 
571,129

Noncontrolling interest in joint ventures
4,400

 
4,486

Total Equity
566,422

 
575,615

TOTAL LIABILITIES AND EQUITY
$
1,603,483

 
1,575,824

 
See accompanying Notes to Consolidated Financial Statements (unaudited).



-3-


EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
REVENUES
 
 
 
 
 
 
 
Income from real estate operations
$
57,827

 
53,801

 
115,402

 
106,578

Other income
17

 
18

 
34

 
53

 
57,844

 
53,819

 
115,436

 
106,631

EXPENSES
 
 
 
 
 

 
 

Expenses from real estate operations
16,047

 
15,625

 
32,460

 
30,637

Depreciation and amortization
17,984

 
17,154

 
36,126

 
34,322

General and administrative
3,812

 
2,958

 
8,350

 
6,406

Acquisition costs
—

 
160

 
—

 
160

 
37,843

 
35,897

 
76,936

 
71,525

OPERATING INCOME
20,001

 
17,922

 
38,500

 
35,106

OTHER INCOME (EXPENSE)
 
 
 
 
 

 
 

Interest expense
(8,483
)
 
(8,898
)
 
(17,288
)
 
(17,884
)
Gain on sales of real estate investments
2,903

 
—

 
2,903

 
95

Other
242

 
218

 
609

 
439

NET INCOME
14,663

 
9,242

 
24,724

 
17,756

Net income attributable to noncontrolling interest in joint ventures
(130
)
 
(124
)
 
(261
)
 
(266
)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
14,533

 
9,118

 
24,463

 
17,490

Other comprehensive income (loss) - cash flow hedges
3,122

 
(1,740
)
 
587

 
(2,777
)
TOTAL COMPREHENSIVE INCOME
$
17,655

 
7,378

 
25,050

 
14,713

BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
 
 
 
 
 

 
 

Net income attributable to common stockholders
$
0.45

 
0.29

 
0.76

 
0.56

Weighted average shares outstanding
32,045

 
31,137

 
32,039

 
30,972

DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
 
 
 
 
 

 
 

Net income attributable to common stockholders
$
0.45

 
0.29

 
0.76

 
0.56

Weighted average shares outstanding
32,139

 
31,244

 
32,121

 
31,063

See accompanying Notes to Consolidated Financial Statements (unaudited).

-4-



EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
(UNAUDITED)


 
Common Stock
 
Additional
Paid-In Capital
 
Distributions in Excess of Earnings
 
Accumulated Other Comprehensive Loss
 
Noncontrolling Interest in Joint Ventures
 
Total
BALANCE, DECEMBER 31, 2014
$
3

 
874,335

 
(300,852
)
 
(2,357
)
 
4,486

 
575,615

Net income
—

 
—

 
24,463

 
—

 
261

 
24,724

Net unrealized change in fair value of interest rate swaps
—

 
—

 
—

 
587

 
—

 
587

Common dividends declared – $1.14 per share
—

 
—

 
(37,003
)
 
—

 
—

 
(37,003
)
Stock-based compensation, net of forfeitures
—

 
4,709

 
—

 
—

 
—

 
4,709

Issuance of 1,688 shares of common stock, common stock offering, net of expenses
—

 
52

 
—

 
—

 
—

 
52

Issuance of 2,160 shares of common stock, dividend reinvestment plan
—

 
126

 
—

 
—

 
—

 
126

Withheld 32,409 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock
—

 
(2,041
)
 
—

 
—

 
—

 
(2,041
)
Distributions to noncontrolling interest
—

 
—

 
—

 
—

 
(347
)
 
(347
)
BALANCE, JUNE 30, 2015
$
3

 
877,181

 
(313,392
)
 
(1,770
)
 
4,400

 
566,422


See accompanying Notes to Consolidated Financial Statements (unaudited).

-5-


EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS)
(UNAUDITED)
 
Six Months Ended June 30,
 
2015
 
2014
OPERATING ACTIVITIES
 
 
 
Net income                                                                                                       
$
24,724

 
17,756

Adjustments to reconcile net income to net cash provided by operating activities:
 

 
 

Depreciation and amortization from continuing operations                                                                                                       
36,126

 
34,322

Stock-based compensation expense                                                                                                       
3,607

 
2,824

Gain on sales of land and real estate investments
(3,026
)
 
(95
)
Changes in operating assets and liabilities:
 

 
 

Accrued income and other assets                                                                                                       
3,346

 
2,202

Accounts payable, accrued expenses and prepaid rent                                                                                                       
(4,889
)
 
(3,123
)
Other                                                                                                       
(226
)
 
(80
)
NET CASH PROVIDED BY OPERATING ACTIVITIES                                                                                                       
59,662

 
53,806

INVESTING ACTIVITIES
 

 
 

Real estate development                                                                                                       
(48,226
)
 
(56,125
)
Purchases of real estate                                                                                                       
—

 
(41,751
)
Real estate improvements                                                                                                       
(11,593
)
 
(9,912
)
Proceeds from sales of land and real estate investments                                                                                                       
5,156

 
3,471

Repayments on mortgage loans receivable                                                                                                       
57

 
78

Changes in receivable for development infrastructure cost reimbursements                                                                                                       
(2,020
)
 
—

Changes in accrued development costs                                                                                                       
(147
)
 
12,076

Changes in other assets and other liabilities                                                                                                       
(3,720
)
 
(4,610
)
NET CASH USED IN INVESTING ACTIVITIES                                                                                                       
(60,493
)
 
(96,773
)
FINANCING ACTIVITIES
 

 
 

Proceeds from unsecured bank credit facilities                                                                                          
195,545

 
165,969

Repayments on unsecured bank credit facilities                                                                                                      
(161,618
)
 
(112,529
)
Repayments on secured debt
(68,042
)
 
(11,152
)
Proceeds from unsecured debt
75,000

 
—

Debt issuance costs                                                                                                       
(585
)
 
(42
)
Distributions paid to stockholders (not including dividends accrued on unvested restricted stock)                                                                                                     
(37,254
)
 
(34,183
)
Proceeds from common stock offerings                                                                                                       
52

 
37,033

Proceeds from dividend reinvestment plan                                                                                                       
126

 
103

Other                                                                                                       
(2,391
)
 
(2,221
)
NET CASH PROVIDED BY FINANCING ACTIVITIES
833

 
42,978

INCREASE IN CASH AND CASH EQUIVALENTS
2

 
11

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
11

 
8

CASH AND CASH EQUIVALENTS AT END OF PERIOD
$
13

 
19

SUPPLEMENTAL CASH FLOW INFORMATION
 

 
 

    Cash paid for interest, net of amount capitalized of $2,494 and $2,336
       for 2015 and 2014, respectively                                                                                                       
$
16,985

 
17,350


See accompanying Notes to Consolidated Financial Statements (unaudited).

-6-


EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(1)
BASIS OF PRESENTATION
 
The accompanying unaudited financial statements of EastGroup Properties, Inc. (“EastGroup” or “the Company”) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  In management’s opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.  The financial statements should be read in conjunction with the financial statements contained in the 2014 annual report on Form 10-K and the notes thereto. Certain reclassifications have been made in the 2014 consolidated financial statements to conform to the 2015 presentation.

(2)
PRINCIPLES OF CONSOLIDATION
 
The consolidated financial statements include the accounts of EastGroup Properties, Inc., its wholly owned subsidiaries and its investment in any joint ventures in which the Company has a controlling interest.  At June 30, 2015 and December 31, 2014, the Company had a controlling interest in two joint ventures: the 80% owned University Business Center and the 80% owned Castilian Research Center.  The Company records 100% of the joint ventures’ assets, liabilities, revenues and expenses with noncontrolling interests provided for in accordance with the joint venture agreements.  The equity method of accounting is used for the Company’s 50% undivided tenant-in-common interest in Industry Distribution Center II.  All significant intercompany transactions and accounts have been eliminated in consolidation.

(3)
USE OF ESTIMATES
 
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the reporting period and to disclose material contingent assets and liabilities at the date of the financial statements.  Actual results could differ from those estimates.

(4)
REAL ESTATE PROPERTIES
 
EastGroup has one reportable segment – industrial properties.  These properties are concentrated in major Sunbelt markets of the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina, have similar economic characteristics and also meet the other criteria permitting the properties to be aggregated into one reportable segment.

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.  Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows (including estimated future expenditures necessary to substantially complete the asset) expected to be generated by the asset.  If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset.  As of June 30, 2015 and December 31, 2014, the Company determined that no impairment charges on the Company’s real estate properties were necessary.

Depreciation of buildings and other improvements is computed using the straight-line method over estimated useful lives of generally 40 years for buildings and 3 to 15 years for improvements.  Building improvements are capitalized, while maintenance and repair expenses are charged to expense as incurred.  Significant renovations and improvements that improve or extend the useful life of the assets are capitalized.  Depreciation expense was $14,720,000 and $29,558,000 for the three and six months ended June 30, 2015, respectively, and $14,094,000 and $28,067,000 for the same periods in 2014.














-7-
EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The Company’s real estate properties and development at June 30, 2015 and December 31, 2014 were as follows:
 
June 30,
2015
 
December 31,
2014
 
(In thousands)
Real estate properties:
 
 
 
   Land                                                                  
$
286,708

 
283,116

   Buildings and building improvements                                          
1,311,445

 
1,284,961

   Tenant and other improvements                                                                  
334,808

 
326,896

Development                                                                  
198,143

 
179,973

 
2,131,104

 
2,074,946

   Less accumulated depreciation                                                                  
(627,336
)
 
(600,526
)
 
$
1,503,768

 
1,474,420


(5)
DEVELOPMENT
 
During the period in which a property is under development, costs associated with development (i.e., land, construction costs, interest expense, property taxes and other direct and indirect costs associated with development) are aggregated into the total capitalized costs of the property.  Included in these costs are management’s estimates for the portions of internal costs (primarily personnel costs) deemed directly or indirectly related to such development activities. The internal costs are allocated to specific development properties based on construction activity. As the property becomes occupied, depreciation commences on the occupied portion of the building, and costs are capitalized only for the portion of the building that remains vacant.  When the property becomes 80% occupied or one year after completion of the shell construction (whichever comes first), capitalization of development costs, including interest expense, property taxes and internal personnel costs, ceases.  The properties are then transferred to Real estate properties, and depreciation commences on the entire property (excluding the land).

(6)
BUSINESS COMBINATIONS AND ACQUIRED INTANGIBLES
 
Upon acquisition of real estate properties, the Company applies the principles of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 805, Business Combinations, which requires that acquisition-related costs be recognized as expenses in the periods in which the costs are incurred and the services are received.  The Codification also provides guidance on how to properly determine the allocation of the purchase price among the individual components of both the tangible and intangible assets based on their respective fair values.  Goodwill is recorded when the purchase price exceeds the fair value of the assets and liabilities acquired.  Factors considered by management in allocating the cost of the properties acquired include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases.  The allocation to tangible assets (land, building and improvements) is based upon management's determination of the value of the property as if it were vacant using discounted cash flow models.  The Company determines whether any financing assumed is above or below market based upon comparison to similar financing terms for similar properties.  The cost of the properties acquired may be adjusted based on indebtedness assumed from the seller that is determined to be above or below market rates.  
 
The purchase price is also allocated among the following categories of intangible assets:  the above or below market component of in-place leases, the value of in-place leases, and the value of customer relationships.  The value allocable to the above or below market component of an acquired in-place lease is determined based upon the present value (using a discount rate reflecting the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of the amounts that would be paid using fair market rates over the remaining term of the lease.  The amounts allocated to above and below market leases are included in Other Assets and Other Liabilities, respectively, on the Consolidated Balance Sheets and are amortized to rental income over the remaining terms of the respective leases.  The total amount of intangible assets is further allocated to in-place lease values and customer relationship values based upon management’s assessment of their respective values.  These intangible assets are included in Other Assets on the Consolidated Balance Sheets and are amortized over the remaining term of the existing lease or the anticipated life of the customer relationship, as applicable.

Amortization expense for in-place lease intangibles was $1,041,000 and $2,185,000 for the three and six months ended June 30, 2015, respectively, and $1,121,000 and $2,333,000 for the same periods in 2014. Amortization of above and below market leases increased rental income by $110,000 and $232,000 for the three and six months ended June 30, 2015, respectively, and $89,000 and $176,000 for the same periods in 2014.


-8-
EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

EastGroup did not acquire any operating properties during the six months ended June 30, 2015. During 2014, the Company acquired Ridge Creek Distribution Center III in Charlotte, North Carolina; Colorado Crossing Distribution Center in Austin, Texas; and Ramona Distribution Center in Chino, California. The Company purchased these properties for a total cost of $51,652,000, of which $47,477,000 was allocated to Real estate properties. The Company allocated $10,822,000 of the total purchase price to land using third party land valuations for the Charlotte, Austin and Chino markets. The market values are considered to be Level 3 inputs as defined by ASC 820, Fair Value Measurements and Disclosures (see Note 18 for additional information on ASC 820). Intangibles associated with the purchase of real estate were allocated as follows: $5,074,000 to in-place lease intangibles, $4,000 to above market leases (both included in Other Assets on the Consolidated Balance Sheets), and $903,000 to below market leases (included in Other Liabilities on the Consolidated Balance Sheets). These costs are amortized over the remaining lives of the associated leases in place at the time of acquisition. The Company paid cash of $48,805,000 for the properties and intangibles acquired, assumed a mortgage of $2,617,000 and recorded a premium of $230,000 to adjust the mortgage loan assumed to fair value.
 
EastGroup did not have any acquisition-related costs for the three and six months ended June 30, 2015; during the three and six months ended June 30, 2014, the Company expensed acquisition-related costs of $160,000.

The Company periodically reviews the recoverability of goodwill (at least annually) and the recoverability of other intangibles (on a quarterly basis) for possible impairment.  In management’s opinion, no impairment of goodwill or other intangibles existed at June 30, 2015 and December 31, 2014.

(7)
REAL ESTATE HELD FOR SALE/DISCONTINUED OPERATIONS
 
The Company considers a real estate property to be held for sale when it meets the criteria established under ASC 360, Property, Plant and Equipment, including when it is probable that the property will be sold within a year.  Real estate properties held for sale are reported at the lower of the carrying amount or fair value less estimated costs to sell and are not depreciated while they are held for sale.  

In April 2014, the FASB issued Accounting Standards Update (ASU) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which amended the requirements for reporting discontinued operations. Under ASU 2014-08, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale or when the component or group of components is disposed of by sale or other than by sale. In addition, this ASU requires additional disclosures about both discontinued operations and the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation in the financial statements. The Company adopted the provisions of ASU 2014-08 as of January 1, 2014, and has applied the provisions prospectively.

EastGroup sold a small parcel of land in New Orleans during the first quarter of 2015 for gross proceeds of $170,000 and recognized a gain of $123,000. During the second quarter of 2015, EastGroup sold one operating property, the last of its three Ambassador Row Warehouses containing 185,000 square feet, for $5,250,000 and recognized a gain of $2,903,000.

During 2014, EastGroup sold five operating properties (442,000 square feet) for $21,381,000 and recognized gains of $9,188,000. In addition, the Company sold a small parcel of land in Orlando for $141,000 and recognized a gain of $98,000.

The results of operations and gains on sales for the properties sold or held for sale during the periods presented are reported in continuing operations on the Consolidated Statements of Income and Comprehensive Income. The gains on the sales of land are included in Other, and the gains on the sales of operating properties are included in Gains on sales of real estate investments.












-9-
EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(8)
OTHER ASSETS
 
A summary of the Company’s Other Assets follows:
 
June 30,
2015
 
December 31,
2014
 
(In thousands)
Leasing costs (principally commissions)                                                                                  
$
56,784

 
56,171

Accumulated amortization of leasing costs                                                       
(22,486
)
 
(22,951
)
Leasing costs (principally commissions), net of accumulated amortization
34,298

 
33,220

 
 
 
 
Straight-line rents receivable                                                                                  
25,647

 
25,013

Allowance for doubtful accounts on straight-line rents receivable
(272
)
 
(102
)
Straight-line rents receivable, net of allowance for doubtful accounts
25,375

 
24,911

 
 
 
 
Accounts receivable                                                                                  
2,820

 
4,459

Allowance for doubtful accounts on accounts receivable
(310
)
 
(379
)
Accounts receivable, net of allowance for doubtful accounts
2,510

 
4,080

 
 
 
 
Acquired in-place lease intangibles                                                                                  
18,322

 
20,118

Accumulated amortization of acquired in-place lease intangibles
(8,734
)
 
(8,345
)
Acquired in-place lease intangibles, net of accumulated amortization
9,588

 
11,773

 
 
 
 
Acquired above market lease intangibles                                                                                  
1,444

 
1,575

Accumulated amortization of acquired above market lease intangibles
(686
)
 
(699
)
Acquired above market lease intangibles, net of accumulated amortization
758

 
876

 
 
 
 
Loan costs                                                                                  
8,140

 
8,166

Accumulated amortization of loan costs                                                         
(4,474
)
 
(4,454
)
Loan costs, net of accumulated amortization                                                     
3,666

 
3,712

 
 
 
 
Mortgage loans receivable                                                                                  
4,934

 
4,991

Interest rate swap assets
1,585

 
812

Escrow deposits for 1031 exchange
—

 
698

Receivable for development infrastructure cost reimbursements
2,020

 
—

Goodwill                                                                                  
990

 
990

Prepaid expenses and other assets                                                                                  
5,888

 
7,446

Total Other Assets
$
91,612

 
93,509


(9)
DEBT

Secured Debt decreased $68,062,000 during the six months ended June 30, 2015.  The decrease primarily resulted from the repayment of a mortgage loan with a balance of $57,450,000, regularly scheduled principal payments of $10,592,000 and mortgage loan premium amortization of $20,000.

Unsecured Debt increased $75,000,000 during the six months ended June 30, 2015 as a result of the closing of a $75 million unsecured term loan in March 2015. The loan has a seven-year term and requires interest only payments. It bears interest at the annual rate of LIBOR plus an applicable margin (currently 1.4%) based on the Company's senior unsecured long-term debt rating. The Company also entered into an interest rate swap agreement to convert the loan's LIBOR rate component to a fixed interest rate for the entire term of the loan providing a total effective fixed interest rate of 3.031%. See note 13 for additional information on the Company's interest rate swaps.

Unsecured Bank Credit Facilities increased $33,927,000 during the six months ended June 30, 2015.



-10-
EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Principal payments on long-term debt, including Secured Debt and Unsecured Debt (not including Unsecured Bank Credit Facilities), as of June 30, 2015 are as follows: 
Years Ending December 31,
 
(In thousands)
Remainder of 2015
 
$
34,312

2016
 
92,808

2017
 
58,239

2018
 
141,316

2019
 
130,568

2020 and beyond
 
383,471


(10)
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 
A summary of the Company’s Accounts Payable and Accrued Expenses follows:
 
June 30,
2015
 
December 31,
2014
 
(In thousands)
Property taxes payable                                                                                  
$
15,688

 
15,216

Development costs payable                                                                                  
7,773

 
7,920

Interest payable                                                                                  
3,192

 
3,500

Dividends payable on unvested restricted stock                                                            
1,845

 
2,096

Other payables and accrued expenses                                                                                  
6,668

 
10,707

 Total Accounts Payable and Accrued Expenses
$
35,166

 
39,439


(11)
OTHER LIABILITIES
 
A summary of the Company’s Other Liabilities follows:
 
June 30,
2015
 
December 31,
2014
 
(In thousands)
Security deposits                                                                                  
$
13,072

 
12,803

Prepaid rent and other deferred income                                                     
9,028

 
8,971

 
 
 
 
Acquired below-market lease intangibles
3,371

 
3,657

     Accumulated amortization of below-market lease intangibles
(1,444
)
 
(1,380
)
Acquired below-market lease intangibles, net of accumulated amortization
1,927

 
2,277

 
 
 
 
Interest rate swap liabilities
3,479

 
3,314

Prepaid tenant improvement reimbursements
31

 
212

Other liabilities                                                                                  
316

 
16

 Total Other Liabilities
$
27,853

 
27,593


(12)
COMPREHENSIVE INCOME
 
Total Comprehensive Income is comprised of net income plus all other changes in equity from non-owner sources and is presented on the Consolidated Statements of Income and Comprehensive Income. The components of Accumulated Other Comprehensive Income (Loss) are presented in the Company's Consolidated Statement of Changes in Equity and are summarized below. See Note 13 for information regarding the Company's interest rate swaps.

-11-
EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):
 
 
 
Balance at beginning of period
$
(4,892
)
 
592

 
(2,357
)
 
1,629

    Change in fair value of interest rate swaps
3,122

 
(1,740
)
 
587

 
(2,777
)
Balance at end of period
$
(1,770
)
 
(1,148
)
 
(1,770
)
 
(1,148
)


(13)
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
 
The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risk, including interest rate, liquidity and credit risk primarily by managing the amount, sources and duration of its debt funding and, to a limited extent, the use of derivative instruments.

Specifically, the Company has entered into derivative instruments to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company's derivative instruments, described below, are used to manage differences in the amount, timing and duration of the Company's known or expected cash payments principally related to certain of the Company's borrowings.

The Company's objective in using interest rate derivatives is to manage exposure to interest rate movements and add stability to interest expense. To accomplish this objective, the Company uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. 

As of June 30, 2015, the Company had five interest rate swaps outstanding, all of which are used to hedge the variable cash flows associated with unsecured loans. The Company executed an $80,000,000 interest rate swap associated with an $80,000,000 unsecured loan during the third quarter of 2012. During the third quarter of 2013, the Company entered into two forward starting interest rate swaps totaling $75,000,000 which are hedging an unsecured loan which closed in December 2013. During the third quarter of 2014, the Company executed a $75,000,000 interest rate swap associated with a $75,000,000 unsecured loan. During the first quarter of 2015, EastGroup executed a $75,000,000 interest rate swap associated with a $75,000,000 unsecured loan. All of the aforementioned interest rate swaps convert the related loans' LIBOR rate components to fixed interest rates for the entire terms of the loans, and the Company has concluded that each of the hedging relationships is highly effective.

The effective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in Other Comprehensive Income (Loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives, which is immaterial for the periods reported, is recognized directly in earnings (included in Other on the Consolidated Statements of Income and Comprehensive Income).

Amounts reported in Other Comprehensive Income (Loss) related to derivatives will be reclassified to Interest Expense as interest payments are made on the Company's variable-rate debt. The Company estimates that an additional $3,810,000 will be reclassified from Other Comprehensive Income (Loss) as an increase to Interest Expense over the next twelve months.

The Company's valuation methodology for over-the-counter (“OTC”) derivatives is to discount cash flows based on Overnight Index Swap (“OIS”) rates.  Uncollateralized or partially-collateralized trades are discounted at OIS, but include appropriate economic adjustments for funding costs (i.e., a LIBOR-OIS basis adjustment to approximate uncollateralized cost of funds) and credit risk.  As of January 15, 2015, the Company began calculating its derivative valuations using mid-market prices; prior to that date, the Company used bid-market prices. The change in valuation methodology is considered a change in accounting estimate and is the result of recent developments in the marketplace. Management has assessed the impact of the change for all periods presented and has deemed the impact to be immaterial.






-12-
EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

As of June 30, 2015 and December 31, 2014, the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk:
Interest Rate Derivative
 
Notional Amount as of June 30, 2015
 
Notional Amount as of December 31, 2014
 
 
(In thousands)
Interest Rate Swap
 
$80,000
 
$80,000
Interest Rate Swap
 
$75,000
 
$75,000
Interest Rate Swap
 
$75,000
 
—
Interest Rate Swap
 
$60,000
 
$60,000
Interest Rate Swap
 
$15,000
 
$15,000

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of June 30, 2015 and December 31, 2014. See Note 18 for additional information on the fair value of the Company's interest rate swaps.
 
Derivatives
As of June 30, 2015
 
Derivatives
As of December 31, 2014
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
 
(In thousands)
Derivatives designated as cash flow hedges:
 
 
 
 
 
 
 
    Interest rate swap assets
Other Assets
 
$
1,585

 
Other Assets
 
$
812

    Interest rate swap liabilities
Other Liabilities
 
3,479

 
Other Liabilities
 
3,314


The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the three and six months ended June 30, 2015 and 2014:
 
Three Months Ended
June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS
 
 
 
 
 
 
 
Interest Rate Swaps:
 
 
 
 
 
 
 
  Amount of income (loss) recognized in Other Comprehensive Income (Loss) on derivatives                                                                                                     
$
2,006

 
(2,321
)
 
(1,462
)
 
(3,922
)
  Amount of loss reclassified from Accumulated Other Comprehensive Loss into Interest Expense                                                                                               
(1,116
)
 
(581
)
 
(2,049
)
 
(1,145
)

See Note 12 for additional information on the Company's Accumulated Other Comprehensive Loss resulting from its interest rate swaps.

Derivative financial agreements expose the Company to credit risk in the event of non-performance by the counterparties under the terms of the interest rate hedge agreements. The Company believes it minimizes the credit risk by transacting with financial institutions the Company regards as credit-worthy.

The Company has an agreement with its derivative counterparties containing a provision stating that the Company could be declared in default on its derivative obligations if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender.

As of June 30, 2015, the fair value of derivatives in an asset position related to these agreements was $1,585,000, and the fair value of derivatives in a liability position related to these agreements was $3,479,000. If the Company breached any of the contractual provisions of the derivative contracts, it could be required to settle its obligation under the agreements at the swap termination value. As of June 30, 2015, the swap termination value of derivatives in an asset position was an asset in the amount of $1,631,000, and the swap termination value of derivatives in a liability position was a liability in the amount of $3,517,000.

(14)
EARNINGS PER SHARE
 
The Company applies ASC 260, Earnings Per Share, which requires companies to present basic and diluted earnings per share (EPS).  Basic EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period.  The Company’s basic EPS is calculated by dividing Net Income Attributable to EastGroup Properties, Inc.

-13-
EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Common Stockholders by the weighted average number of common shares outstanding. The weighted average number of common shares outstanding does not include any potentially dilutive securities or any unvested restricted shares of common stock. These unvested restricted shares, although classified as issued and outstanding, are considered forfeitable until the restrictions lapse and will not be included in the basic EPS calculation until the shares are vested.

Diluted EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period and to each share that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during the reporting period.  The Company calculates diluted EPS by dividing Net Income Attributable to EastGroup Properties, Inc. Common Stockholders by the weighted average number of common shares outstanding plus the dilutive effect of unvested restricted stock.  The dilutive effect of unvested restricted stock is determined using the treasury stock method.

Reconciliation of the numerators and denominators in the basic and diluted EPS computations is as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
BASIC EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
 
 
 
 
 
 
 
  Numerator – net income attributable to common stockholders                                                                                                     
$
14,533

 
9,118

 
24,463

 
17,490

  Denominator – weighted average shares outstanding                                                                                                     
32,045

 
31,137

 
32,039

 
30,972

DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
 
 
 
 
 
 
 
  Numerator – net income attributable to common stockholders                                                                                                     
$
14,533

 
9,118

 
24,463

 
17,490

Denominator:
 
 
 
 
 
 
 
    Weighted average shares outstanding                                                                                                     
32,045

 
31,137

 
32,039

 
30,972

    Unvested restricted stock                                                                                                     
94

 
107

 
82

 
91

      Total Shares                                                                                                     
32,139

 
31,244

 
32,121

 
31,063


(15)
STOCK-BASED COMPENSATION
 
EastGroup applies the provisions of ASC 718, Compensation - Stock Compensation, to account for its stock-based compensation plans. ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the financial statements and that the cost be measured on the fair value of the equity or liability instruments issued.

Stock-based compensation cost for employees was $1,839,000 and $4,180,000 for the three and six months ended June 30, 2015, respectively, of which $399,000 and $821,000 were capitalized as part of the Company's development costs. For the three and six months ended June 30, 2014, stock-based compensation cost for employees was $1,348,000 and $3,417,000, respectively, of which $321,000 and $832,000 were capitalized as part of the Company’s development costs.

Stock-based compensation expense for directors was $124,000 and $248,000 for the three and six months ended June 30, 2015, respectively, and $120,000 and $239,000 for the same periods of 2014.

In the second quarter of 2015, the Company’s Board of Directors approved an equity compensation plan for its executive officers based upon certain annual performance measures (primarily funds from operations (FFO) per share and total shareholder return).  Any shares issued pursuant to this compensation plan will be determined by the Compensation Committee in its discretion and issued in the first quarter of 2016.  The number of shares to be issued on the grant date could range from zero to 49,366.  These shares will vest 20% on the date shares are determined and awarded and generally will vest 20% per year on each January 1 for the subsequent four years.

Also in the second quarter of 2015, EastGroup’s Board of Directors approved a long-term equity compensation plan for the Company’s executive officers. The awards will be based on the results of the Company's total shareholder return, both on an absolute basis for 2015 as well as on a relative basis compared to the NAREIT Equity Index, NAREIT Industrial Index and Russell 2000 Index over the five-year period ending December 31, 2015. Any shares issued pursuant to this equity compensation plan will be determined by the Compensation Committee in its discretion and issued in the first quarter of 2016.  The number of shares

-14-
EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

to be issued on the grant date could range from zero to 51,432.  These shares will vest 25% on the date shares are determined and awarded and generally will vest 25% per year on each January 1 for the subsequent three years.

During the second quarter of 2015, 23,525 shares were granted to certain non-executive officers subject only to continued service as of the vesting date. These shares, which have a grant date fair value of $60.89 per share, will vest 20% per year on January 1 in years 2016, 2017, 2018, 2019 and 2020.

Notwithstanding the foregoing, shares issued to the Company’s Chief Executive Officer, David H. Hoster II, and Chief Financial Officer, N. Keith McKey, will become fully vested no later than January 1, 2016 and April 6, 2016, respectively.

Following is a summary of the total restricted shares granted, forfeited and delivered (vested) to participants with the related weighted average grant date fair value share prices.  Of the shares that vested in the first six months of 2015, the Company withheld 32,409 shares to satisfy the tax obligations for those participants who elected this option as permitted under the applicable equity plan.  As of the vesting date, the fair value of shares that vested during the first six months of 2015 was $6,664,000.
 
Three Months Ended
 
Six Months Ended
Award Activity:
June 30, 2015
 
June 30, 2015
 
 
 
Shares
 
Weighted Average Grant Date Fair Value
 
 
 
Shares
 
Weighted Average Grant Date Fair Value
Unvested at beginning of period
237,485

 
$
51.88

 
266,223

 
$
49.81

Granted
23,525

 
60.89

 
100,622

 
61.07

Forfeited 
—

 
—

 
—

 
—

Vested 
—

 
—

 
(105,835
)
 
53.40

Unvested at end of period 
261,010

 
$
52.69

 
261,010

 
$
52.69


(16)
RISKS AND UNCERTAINTIES
 
The state of the overall economy can significantly impact the Company’s operational performance and thus impact its financial position.  Should EastGroup experience a significant decline in operational performance, it may affect the Company’s ability to make distributions to its shareholders, service debt, or meet other financial obligations.

(17)
RECENT ACCOUNTING PRONOUNCEMENTS
 
EastGroup has evaluated all ASUs recently released by the FASB through the date the financial statements were issued and determined that ASU 2014-09 and ASU 2015-03 apply to the Company.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2018. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. For public business entities, the ASU is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Entities should apply the new guidance on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. Upon transition, entities are required to comply with the applicable disclosures for a change in an accounting principle. EastGroup plans to adopt ASU 2015-03 effective January 1, 2016; as such, the Company plans to present debt issuance costs as a direct deduction from the carrying amounts of its debt liabilities and to provide all necessary disclosures beginning with the Form 10-Q for the period ended March 31, 2016.







-15-
EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(18)
FAIR VALUE OF FINANCIAL INSTRUMENTS
 
ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  ASC 820 also provides guidance for using fair value to measure financial assets and liabilities.  The Codification requires disclosure of the level within the fair value hierarchy in which the fair value measurements fall, including measurements using quoted prices in active markets for identical assets or liabilities (Level 1), quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active (Level 2), and significant valuation assumptions that are not readily observable in the market (Level 3).

The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments in accordance with ASC 820 at June 30, 2015 and December 31, 2014.
 
June 30, 2015
 
December 31, 2014
 
Carrying Amount (1)
 
Fair Value
 
Carrying Amount (1)
 
Fair Value
 
(In thousands)
Financial Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
13

 
13

 
11

 
11

 Cash held in escrow for 1031 exchange
—

 
—

 
698

 
698

   Mortgage loans receivable                                 
4,934

 
4,978

 
4,991

 
5,055

   Interest rate swap assets                             
1,585

 
1,585

 
812

 
812

Financial Liabilities:
 

 
 

 
 

 
 

Secured debt
385,714

 
405,240

 
453,776

 
478,659

Unsecured debt
455,000

 
428,493

 
380,000

 
364,295

 Unsecured bank credit facilities
133,328

 
133,688

 
99,401

 
99,638

   Interest rate swap liabilities                                     
3,479

 
3,479

 
3,314

 
3,314

(1) Carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions, except as explained in the notes below.

The following methods and assumptions were used to estimate the fair value of each class of financial instruments:

Cash and cash equivalents:  The carrying amounts approximate fair value due to the short maturity of those instruments.
Cash held in escrow for 1031 exchange (included in Other Assets on the Consolidated Balance Sheets):  The carrying amounts approximate fair value due to the short maturity of those instruments.
Mortgage loans receivable (included in Other Assets on the Consolidated Balance Sheets):  The fair value is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities (Level 2 input).
Interest rate swap assets (included in Other Assets on the Consolidated Balance Sheets): The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps.
Secured debt: The fair value of the Company’s secured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company’s bankers (Level 2 input).
Unsecured debt:  The fair value of the Company’s unsecured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company’s bankers (Level 2 input).
Unsecured bank credit facilities: The fair value of the Company’s unsecured bank credit facilities is estimated by discounting expected cash flows at current market rates (Level 2 input).
Interest rate swap liabilities (included in Other Liabilities on the Consolidated Balance Sheets): The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps.








-16-
EASTGROUP PROPERTIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(19)
SUBSEQUENT EVENTS

EastGroup's current $225 million and $25 million unsecured bank credit facilities have margins over LIBOR of 117.5 basis points, facility fees of 22.5 basis points and maturity dates of January 5, 2017. The Company has negotiated terms to amend the credit facilities and expects to close on the amended agreements by the end of July. The amended agreements expand the current facilities to $300 million and $35 million, reduce the margins to 100 basis points and the facility fees to 20 basis points, and extend the maturity dates to four years from closing. The amended $300 million agreement contains an option for a one-year extension (at the Company's election) and a $150 million expansion (with agreement by both parties). The $35 million agreement contains a provision that the credit facility would automatically be extended for one year if the extension option in the $300 million facility is exercised. The transaction is expected to close by the end of July 2015, subject to due diligence and completion of final documentation.

EastGroup has also entered into an agreement in principle with two insurance companies under which the Company plans to issue $75 million of senior unsecured private placement notes which are expected to close in October. The 10-year notes will have a weighted average interest rate of 3.98% with semi-annual interest payments. The notes will not be and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The transaction is expected to close in October 2015, and the issuance of the notes in this private placement is subject to due diligence and completion of final documentation.


-17-


ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

OVERVIEW
EastGroup’s goal is to maximize shareholder value by being the leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 5,000 to 50,000 square foot range).  The Company develops, acquires and operates distribution facilities, the majority of which are clustered around major transportation features in supply constrained submarkets in major Sunbelt regions.  The Company’s core markets are in the states of Florida, Texas, Arizona, California and North Carolina.

The Company believes its current operating cash flows and unsecured bank credit facilities provide the capacity to fund the operations of the Company.  The Company also believes it can issue common and/or preferred equity and obtain financing from financial institutions and insurance companies. The continuous common equity program provided net proceeds to the Company of $52,000 in the first six months of 2015, as described in Liquidity and Capital Resources.

The Company’s primary revenue is rental income; as such, EastGroup’s greatest challenge is leasing space.  During the six months ended June 30, 2015, leases expired on 3,608,000 square feet (10.7% of EastGroup’s total square footage of 33,641,000), and the Company was successful in renewing or re-leasing 90% of the expiring square feet.  In addition, EastGroup leased 850,000 square feet of other vacant space during this period.  During the first six months of 2015, average rental rates on new and renewal leases increased by 10.8%.  Property net operating income (PNOI) from same properties, defined as operating properties owned during the entire current period and prior year reporting period, increased 4.0% for the quarter ended June 30, 2015, as compared to the same quarter in 2014. For the six months ended June 30, 2015, PNOI from same properties increased 3.5% as compared to the same period of 2014.

EastGroup’s total leased percentage was 97.1% at June 30, 2015, compared to 95.7% at June 30, 2014.  Leases scheduled to expire for the remainder of 2015 were 4.6% of the portfolio on a square foot basis at June 30, 2015, and this figure was reduced to 3.7% as of July 17, 2015.

The Company generates new sources of leasing revenue through its development and acquisition programs. EastGroup continues to see targeted development as a contributor to the Company’s long-term growth.  The Company mitigates risks associated with development through a Board-approved maximum level of land held for development and by adjusting development start dates according to leasing activity.   During the first six months of 2015, the Company began construction of seven development projects containing 823,000 square feet in Orlando, Tampa, San Antonio, Houston and Phoenix.  EastGroup also transferred five properties (427,000 square feet) in Orlando, Phoenix, Charlotte and Houston from its development program to real estate properties with costs of $28.1 million at the date of transfer.  As of June 30, 2015, EastGroup’s development program consisted of 22 projects (2,197,000 square feet) located in Houston, Dallas, San Antonio, Phoenix, Tampa, Orlando, Denver and Charlotte.  The projected total investment for the development projects, which were collectively 38% leased as of July 17, 2015, is $162.2 million, of which $48.9 million remained to be invested as of June 30, 2015.
 
Typically, the Company initially funds its development and acquisition programs through its $250 million unsecured bank credit facilities (as discussed in Liquidity and Capital Resources).  As market conditions permit, EastGroup issues equity and/or employs fixed-rate debt, including variable-rate debt that has been swapped to an effectively fixed rate through the use of interest rate swaps, to replace short-term bank borrowings. In March 2015, Moody's Investor Services affirmed the Company's issuer rating of Baa2 with a stable outlook. Also in March 2015, Fitch Ratings affirmed EastGroup's issuer rating of BBB with a stable outlook. A security rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating. The Company intends to obtain primarily unsecured fixed-rate debt, including variable-rate debt that has been swapped to an effectively fixed rate through the use of interest rate swaps, in the future. The Company may also access the public debt market in the future as a means to raise capital.

EastGroup has one reportable segment – industrial properties.  These properties are primarily located in major Sunbelt regions of the United States, have similar economic characteristics and also meet the other criteria permitting the properties to be aggregated into one reportable segment.  The Company’s chief decision makers use two primary measures of operating results in making decisions:  (1) property net operating income (PNOI), defined as Income from real estate operations less Expenses from real estate operations (including market-based internal management fee expense) plus the Company's share of income and property operating expenses from its less-than-wholly-owned real estate investments, and (2) funds from operations attributable to common stockholders (FFO), defined as net income (loss) attributable to common stockholders computed in accordance with U.S. generally accepted accounting principles (GAAP), excluding gains or losses from sales of depreciable real estate property and impairment

-18-


losses, plus real estate related depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures.  The Company calculates FFO based on the National Association of Real Estate Investment Trusts’ (NAREIT) definition.

PNOI is a supplemental industry reporting measurement used to evaluate the performance of the Company’s real estate investments. The Company believes the exclusion of depreciation and amortization in the industry’s calculation of PNOI provides a supplemental indicator of the properties’ performance since real estate values have historically risen or fallen with market conditions.  PNOI as calculated by the Company may not be comparable to similarly titled but differently calculated measures for other real estate investment trusts (REITs).  The major factors influencing PNOI are occupancy levels, acquisitions and sales, development properties that achieve stabilized operations, rental rate increases or decreases, and the recoverability of operating expenses.  The Company’s success depends largely upon its ability to lease space and to recover from tenants the operating costs associated with those leases.

PNOI is comprised of Income from real estate operations, less Expenses from real estate operations plus the Company's share of income and property operating expenses from its less-than-wholly-owned real estate investments.  PNOI was calculated as follows for the three and six months ended June 30, 2015 and 2014.
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
Income from real estate operations
$
57,827

 
53,801

 
115,402

 
106,578

Expenses from real estate operations
(16,047
)
 
(15,625
)
 
(32,460
)
 
(30,637
)
Noncontrolling interest in PNOI of consolidated 80% joint ventures
(209
)
 
(204
)
 
(420
)
 
(427
)
PNOI from 50% owned unconsolidated investment
208

 
198

 
416

 
396

PROPERTY NET OPERATING INCOME
$
41,779

 
38,170

 
82,938

 
75,910

 
Income from real estate operations is comprised of rental income, expense reimbursement pass-through income and other real estate income including lease termination fees.  Expenses from real estate operations is comprised of property taxes, insurance, utilities, repair and maintenance expenses, management fees, other operating costs and bad debt expense.  Generally, the Company’s most significant operating expenses are property taxes and insurance.  Tenant leases may be net leases in which the total operating expenses are recoverable, modified gross leases in which some of the operating expenses are recoverable, or gross leases in which no expenses are recoverable (gross leases represent only a small portion of the Company’s total leases).  Increases in property operating expenses are fully recoverable under net leases and recoverable to a high degree under modified gross leases.  Modified gross leases often include base year amounts and expense increases over these amounts are recoverable.  The Company’s exposure to property operating expenses is primarily due to vacancies and leases for occupied space that limit the amount of expenses that can be recovered.

The following table presents reconciliations of Net Income to PNOI for the three and six months ended June 30, 2015 and 2014.
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
NET INCOME
$
14,663

 
9,242

 
24,724

 
17,756

Interest income
(65
)
 
(125
)
 
(130
)
 
(252
)
Gain on sales of real estate investments
(2,903
)
 
—

 
(2,903
)
 
(95
)
Company's share of interest expense from unconsolidated investment
—

 
71

 
—

 
142

Company's share of depreciation from unconsolidated investment
31

 
33

 
60

 
66

Other income 
(17
)
 
(18
)
 
(34
)
 
(53
)
Gain on sales of non-operating real estate
—

 
—

 
(123
)
 
—

Depreciation and amortization from continuing operations
17,984

 
17,154

 
36,126

 
34,322

Interest expense 
8,483

 
8,898

 
17,288

 
17,884

General and administrative expense 
3,812

 
2,958

 
8,350

 
6,406

Acquisition costs 
—

 
160

 
—

 
160

Interest rate swap ineffectiveness
—

 
1

 
—

 
1

Noncontrolling interest in PNOI of consolidated 80% joint ventures
(209
)
 
(204
)
 
(420
)
 
(427
)
PROPERTY NET OPERATING INCOME
$
41,779

 
38,170

 
82,938

 
75,910


-19-


The Company believes FFO is a meaningful supplemental measure of operating performance for equity REITs.  The Company believes excluding depreciation and amortization in the calculation of FFO is appropriate since real estate values have historically increased or decreased based on market conditions.  FFO is not considered as an alternative to net income (determined in accordance with GAAP) as an indication of the Company’s financial performance, nor is it a measure of the Company’s liquidity or indicative of funds available to provide for the Company’s cash needs, including its ability to make distributions.  In addition, FFO, as reported by the Company, may not be comparable to FFO reported by other REITs that do not define the term in accordance with the current NAREIT definition.  The Company’s key drivers affecting FFO are changes in PNOI (as discussed above), interest rates, the amount of leverage the Company employs and general and administrative expenses.  The following table presents reconciliations of Net Income Attributable to EastGroup Properties, Inc. Common Stockholders to FFO Attributable to Common Stockholders for the three and six months ended June 30, 2015 and 2014.
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands, except per share data)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES,  INC. COMMON STOCKHOLDERS
$
14,533

 
9,118

 
24,463

 
17,490

Depreciation and amortization from continuing operations 
17,984

 
17,154

 
36,126

 
34,322

Company's share of depreciation from unconsolidated investment 
31

 
33

 
60

 
66

Depreciation and amortization from noncontrolling interest
(52
)
 
(51
)
 
(102
)
 
(103
)
Gain on sales of real estate investments
(2,903
)
 
—

 
(2,903
)
 
(95
)
FUNDS FROM OPERATIONS (FFO) ATTRIBUTABLE TO COMMON STOCKHOLDERS
$
29,593

 
26,254

 
57,644

 
51,680

Net income attributable to common stockholders per diluted share
$
0.45

 
0.29

 
0.76

 
0.56

Funds from operations (FFO) attributable to common
   stockholders per diluted share
$
0.92

 
0.84

 
1.79

 
1.66

Diluted shares for earnings per share and funds from operations
32,139

 
31,244

 
32,121

 
31,063



The Company analyzes the following performance trends in evaluating the progress of the Company:

•
The FFO change per share represents the increase or decrease in FFO per share from the current period compared to the same period in the prior year.  FFO per share for the second quarter of 2015 was $.92 per share compared with $.84 per share for the same period of 2014, an increase of 9.5%. For the six months ended June 30, 2015, FFO was $1.79 per share compared with $1.66 per share for the same period of 2014, an increase of 7.8%.

•
For the three months ended June 30, 2015, PNOI increased by $3,609,000, or 9.5%, compared to the same period in 2014. PNOI increased $1,729,000 from newly developed properties, $1,505,000 from same property operations and $751,000 from 2014 acquisitions; PNOI decreased $387,000 from properties sold in 2014 and 2015.

For the six months ended June 30, 2015, PNOI increased by $7,028,000, or 9.3%, compared to the same period in 2014. PNOI increased $3,454,000 from newly developed properties, $2,575,000 from same property operations and $1,719,000 from 2014 acquisitions; PNOI decreased $729,000 from properties sold in 2014 and 2015.
  
•
The same property net operating income change represents the PNOI increase or decrease for the same operating properties owned during the entire current period and prior year reporting period.  PNOI from same properties increased 4.0% for the three months ended June 30, 2015, and increased 3.5% for the six months compared to the same periods in 2014.

•
Same property average occupancy represents the average month-end percentage of leased square footage for which the lease term has commenced as compared to the total leasable square footage for the same operating properties owned during the entire current period and prior year reporting period. Same property average occupancy for the three months ended June 30, 2015, was 96.1% compared to 95.4% for the same period of 2014. Same property average occupancy for the six months ended June 30, 2015, was 96.1% compared to 95.1% for the same period of 2014

•
The same property average rental rate calculated in accordance with GAAP represents the average annual rental rates of leases in place for the same operating properties owned during the entire current period and prior year reporting period. The same property average rental rate was $5.38 per square foot for the three months ended June 30, 2015, compared to $5.16 per square foot for the same period of 2014. The same property average rental rate was $5.36 per square foot for the six months ended June 30, 2015, compared to $5.15 per square foot for the same period of 2014.


-20-


•
Occupancy is the percentage of leased square footage for which the lease term has commenced as compared to the total leasable square footage as of the close of the reporting period.  Occupancy at June 30, 2015, was 96.2%.  Quarter-end occupancy ranged from 95.0% to 96.3% over the period from June 30, 2014 to March 31, 2015.

•
Rental rate change represents the rental rate increase or decrease on new and renewal leases compared to the prior leases on the same space.  Rental rate increases on new and renewal leases (4.9% of total square footage) averaged 10.5% for the second quarter of 2015. For the six months ended June 30, 2015, rental rate increases on new and renewal leases (12.2% of total square footage) averaged 10.8%.

•
Lease termination fee income for the three and six months ended June 30, 2015 was $20,000 and $81,000, respectively, compared to $19,000 and $138,000 for the same periods of 2014. The Company recorded net bad debt recoveries of $17,000 for the three months ended June 30, 2015 and recorded bad debt expense of $338,000 for the six months ended June 30, 2015. The Company recorded net bad debt recoveries of $20,000 and $7,000 for the three and six months ended June 30, 2014, respectively.

-21-


CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The Company’s management considers the following accounting policies and estimates to be critical to the reported operations of the Company.

Real Estate Properties
The Company allocates the purchase price of acquired properties to net tangible and identified intangible assets based on their respective fair values.  Goodwill is recorded when the purchase price exceeds the fair value of the assets and liabilities acquired.  Factors considered by management in allocating the cost of the properties acquired include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases.  The allocation to tangible assets (land, building and improvements) is based upon management’s determination of the value of the property as if it were vacant using discounted cash flow models.  The purchase price is also allocated among the following categories of intangible assets:  the above or below market component of in-place leases, the value of in-place leases, and the value of customer relationships.  The value allocable to the above or below market component of an acquired in-place lease is determined based upon the present value (using a discount rate reflecting the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be paid pursuant to the lease over its remaining term and (ii) management’s estimate of the amounts that would be paid using fair market rates over the remaining term of the lease.  The amounts allocated to above and below market leases are included in Other Assets and Other Liabilities, respectively, on the Consolidated Balance Sheets and are amortized to rental income over the remaining terms of the respective leases.  The total amount of intangible assets is further allocated to in-place lease values and customer relationship values based upon management’s assessment of their respective values.  These intangible assets are included in Other Assets on the Consolidated Balance Sheets and are amortized over the remaining term of the existing lease or the anticipated life of the customer relationship, as applicable.

During the period in which a property is under development, costs associated with development (i.e., land, construction costs, interest expense, property taxes and other direct and indirect costs associated with development) are aggregated into the total capitalized costs of the property.  Included in these costs are management’s estimates for the portions of internal costs (primarily personnel costs) deemed directly or indirectly related to such development activities. The internal costs are allocated to specific development properties based on construction activity.

The Company reviews its real estate investments for impairment of value whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  If any real estate investment is considered permanently impaired, a loss is recorded to reduce the carrying value of the property to its estimated fair value.  Real estate assets to be sold are reported at the lower of the carrying amount or fair value less selling costs.  The evaluation of real estate investments involves many subjective assumptions dependent upon future economic events that affect the ultimate value of the property.  Currently, the Company’s management knows of no impairment issues nor has it experienced any impairment issues in recent years.  EastGroup currently has the intent and ability to hold its real estate investments and to hold its land inventory for future development.  In the event of impairment, the property’s basis would be reduced, and the impairment would be recognized as a current period charge on the Consolidated Statements of Income and Comprehensive Income.

Valuation of Receivables
The Company is subject to tenant defaults and bankruptcies that could affect the collection of outstanding receivables.  In order to mitigate these risks, the Company performs credit reviews and analyses on prospective tenants before significant leases are executed and on existing tenants before properties are acquired.  On a quarterly basis, the Company evaluates outstanding receivables and estimates the allowance for doubtful accounts.  Management specifically analyzes aged receivables, customer credit-worthiness, historical bad debts and current economic trends when evaluating the adequacy of the allowance for doubtful accounts.  The Company believes its allowance for doubtful accounts is adequate for its outstanding receivables for the periods presented.  In the event the allowance for doubtful accounts is insufficient for an account that is subsequently written off, additional bad debt expense would be recognized as a current period charge on the Consolidated Statements of Income and Comprehensive Income.

Tax Status
EastGroup, a Maryland corporation, has qualified as a real estate investment trust under Sections 856-860 of the Internal Revenue Code and intends to continue to qualify as such.  To maintain its status as a REIT, the Company is required to distribute at least 90% of its ordinary taxable income to its stockholders.  If the Company has a capital gain, it has the option of (i) deferring recognition of the capital gain through a tax-deferred exchange, (ii) declaring and paying a capital gain dividend on any recognized net capital gain resulting in no corporate level tax, or (iii) retaining and paying corporate income tax on its net long-term capital gain, with shareholders reporting their proportional share of the undistributed long-term capital gain and receiving a credit or refund of their share of the tax paid by the Company.  The Company distributed all of its 2014 taxable income to its stockholders and expects to distribute all of its taxable income in 2015.  Accordingly, no significant provision for income taxes was necessary in 2014, nor is any significant income tax provision expected to be necessary for 2015.

-22-


FINANCIAL CONDITION

EastGroup’s assets were $1,603,483,000 at June 30, 2015, an increase of $27,659,000 from December 31, 2014.  Liabilities increased $36,852,000 to $1,037,061,000, and equity decreased $9,193,000 to $566,422,000 during the same period.  The following paragraphs explain these changes in detail.

Assets

Real Estate Properties
Real Estate Properties increased $37,988,000 during the six months ended June 30, 2015, primarily due to capital improvements at the Company’s properties and the transfer of five properties from Development, as detailed under Development below.  These increases were partially offset by the sale of the Ambassador Row Warehouse (185,000 square feet) in Dallas and 1.5 acres of land in New Orleans for $5,420,000.

During the six months ended June 30, 2015, the Company made capital improvements of $12,683,000 on existing and acquired properties (included in the Capital Expenditures table under Results of Operations).  Also, the Company incurred costs of $2,052,000 on development properties subsequent to transfer to Real Estate Properties; the Company records these expenditures as development costs on the Consolidated Statements of Cash Flows.

 
Development
EastGroup’s investment in development at June 30, 2015 consisted of properties in lease-up and under construction of $113,259,000 and prospective development (primarily land) of $84,884,000.  The Company’s total investment in development at June 30, 2015 was $198,143,000 compared to $179,973,000 at December 31, 2014.  Total capital invested for development during the first six months of 2015 was $48,226,000, which primarily consisted of costs of $45,990,000 as detailed in the development activity table below and costs of $2,052,000 on development properties subsequent to transfer to Real Estate Properties. The capitalized costs incurred on development properties subsequent to transfer to Real Estate Properties include capital improvements at the properties and do not include other capitalized costs associated with development (i.e., interest expense, property taxes and internal personnel costs).

The Company capitalized internal development costs of $1,115,000 and $2,042,000 for the three and six months ended June 30, 2015, respectively, compared to $1,033,000 and $2,180,000 in the same periods of 2014.

The Company transferred five development properties to Real Estate Properties during the first six months of 2015 with a total investment of $28,128,000 as of the date of transfer.
























-23-


 
 
 
Costs Incurred
 
 
 
 
DEVELOPMENT
 
 
Costs Transferred in 2015 (1)
 
For the Six Months Ended
6/30/2015
 
Cumulative as of 6/30/2015
 
 
Estimated Total Costs
 
Anticipated Building Conversion Date
 
 
 
(In thousands)
 
 
LEASE-UP
Building Size (Square feet)
 
 
 
 
 
 
 
 
 
 
World Houston 41, Houston, TX
104,000

 
$
—

 
923

 
6,269

 
7,400

 
08/15
Horizon II, Orlando, FL
123,000

 
—

 
207

 
7,867

 
8,600

 
09/15
West Road I, Houston, TX
63,000

 
—

 
368

 
4,645

 
5,100

 
09/15
Sky Harbor 6, Phoenix, AZ
31,000

 
—

 
1,037

 
2,657

 
3,100

 
10/15
Ten West Crossing 6, Houston, TX
64,000

 
—

 
212

 
4,454

 
4,800

 
10/15
Kyrene 202 I, Phoenix, AZ
75,000

 
—

 
123

 
6,062

 
6,900

 
11/15
Rampart IV, Denver, CO
84,000

 
—

 
495

 
7,442

 
8,600

 
11/15
Alamo Ridge I, San Antonio, TX
96,000

 
—

 
1,356

 
6,831

 
7,300

 
02/16
Alamo Ridge II, San Antonio, TX
62,000

 
—

 
374

 
3,740

 
3,900

 
02/16
Steele Creek IV, Charlotte, NC
57,000

 
—

 
311

 
3,771

 
4,300

 
02/16
West Road III, Houston, TX
78,000

 
—

 
694

 
4,559

 
5,000

 
03/16
Ten West Crossing 7, Houston, TX
68,000

 
—

 
657

 
3,827

 
4,900

 
04/16
Thousand Oaks 4, San Antonio, TX
66,000

 
—

 
1,470

 
4,413

 
5,100

 
04/16
Madison II & III, Tampa, FL
127,000

 
—

 
3,165

 
6,845

 
8,000

 
05/16
Total Lease-Up
1,098,000

 
—

 
11,392

 
73,382

 
83,000

 
 
UNDER CONSTRUCTION
 

 
 

 
 

 
 

 
 

 
 
World Houston 42, Houston, TX
94,000

 
1,289

 
3,642

 
4,931

 
5,700

 
07/15
Oak Creek VIII, Tampa, FL
108,000

 
2,255

 
294

 
2,549

 
7,500

 
01/16
Horizon IV, Orlando, FL
123,000

 
2,616

 
1,444

 
4,060

 
10,200

 
02/16
Kyrene 202 VI, Phoenix, AZ
123,000

 
1,515

 
3,977

 
5,492

 
9,500

 
08/16
ParkView 1-3, Dallas, TX
276,000

 
—

 
9,167

 
13,243

 
19,600

 
08/16
West Road IV, Houston, TX
65,000

 
1,292

 
2,711

 
4,003

 
5,400

 
08/16
Horizon III, Orlando, FL
109,000

 
2,399

 
965

 
3,364

 
7,800

 
01/17
Eisenhauer Point 1 & 2, San Antonio, TX
201,000

 
1,880

 
355

 
2,235

 
13,500

 
02/17
Total Under Construction
1,099,000

 
13,246

 
22,555

 
39,877

 
79,200

 
 
PROSPECTIVE DEVELOPMENT (PRIMARILY LAND)
Estimated Building Size (Square feet)
 
 

 
 

 
 

 
 

 
 
Phoenix, AZ
226,000

 
(1,515
)
 
1,710

 
3,658

 
19,700

 
 
Tucson, AZ
70,000

 
—

 
—

 
417

 
5,300

 
 
Fort Myers, FL
663,000

 
—

 
—

 
17,858

 
50,000

 
 
Orlando, FL
912,000

 
(5,015
)
 
625

 
19,461

 
64,600

 
 
Tampa, FL
291,000

 
(2,255
)
 
352

 
4,281

 
18,200

 
 
Jackson, MS
28,000

 
—

 
—

 
706

 
2,000

 
 
Charlotte, NC
384,000

 
—

 
277

 
5,260

 
26,800

 
 
Dallas, TX
519,000

 
—

 
5,982

 
7,631

 
34,400

 
 
El Paso, TX
251,000

 
—

 
—

 
2,444

 
11,300

 
 
Houston, TX
1,203,000

 
(2,581
)
 
(1,431
)
(2)
17,698

 
81,100

 
 
San Antonio, TX
611,000

 
(1,880
)
 
4,528

 
5,470

 
40,300

 
 
Total Prospective Development
5,158,000

 
(13,246
)
 
12,043

 
84,884

 
353,700

 
 
 
7,355,000

 
$
—

 
45,990

 
198,143

 
515,900

 
 
DEVELOPMENTS COMPLETED AND TRANSFERRED TO REAL ESTATE PROPERTIES DURING 2015
Building Size (Square feet)
 
 

 
 

 
 

 
 

 
Building Conversion Date
Horizon I, Orlando, FL
109,000

 
$
—

 
(16
)
 
7,096

 
 
 
02/15
Kyrene 202 II, Phoenix, AZ
45,000

 
—

 
61

 
3,470

 
 
 
02/15
Steele Creek II, Charlotte, NC
71,000

 
—

 
22

 
4,945

 
 
 
03/15
Steele Creek III, Charlotte, NC
108,000

 
—

 
(179
)
 
7,141

 
 
 
02/15
World Houston 39, Houston, TX
94,000

 
—

 
420

 
5,476

 
 
 
06/15
Total Transferred to Real Estate Properties
427,000

 
$
—

 
308

 
28,128

 
(3)
 
 
(1) Represents costs transferred from Prospective Development (primarily land) to Under Construction during the period. Negative amounts represent land inventory costs transferred to Under Construction.
(2) Represents year-to-date costs incurred for Houston development land, net of development infrastructure cost reimbursements.
(3) Represents cumulative costs at the date of transfer.

-24-


Accumulated Depreciation
Accumulated depreciation on real estate and development properties increased $26,810,000 during the first six months of 2015 due primarily to depreciation expense, offset by the sale of one operating property during the period.

Other Assets
Other Assets decreased $1,897,000 during the first six months of 2015.  A summary of Other Assets follows:
 
June 30,
2015
 
December 31,
2014
 
(In thousands)
Leasing costs (principally commissions)                                                                                  
$
56,784

 
56,171

Accumulated amortization of leasing costs                                                       
(22,486
)
 
(22,951
)
Leasing costs (principally commissions), net of accumulated amortization
34,298

 
33,220

 
 
 
 
Straight-line rents receivable                                                                                  
25,647

 
25,013

Allowance for doubtful accounts on straight-line rents receivable
(272
)
 
(102
)
Straight-line rents receivable, net of allowance for doubtful accounts
25,375

 
24,911

 
 
 
 
Accounts receivable                                                                                  
2,820

 
4,459

Allowance for doubtful accounts on accounts receivable
(310
)
 
(379
)
Accounts receivable, net of allowance for doubtful accounts
2,510

 
4,080

 
 
 
 
Acquired in-place lease intangibles                                                                                  
18,322

 
20,118

Accumulated amortization of acquired in-place lease intangibles
(8,734
)
 
(8,345
)
Acquired in-place lease intangibles, net of accumulated amortization
9,588

 
11,773

 
 
 
 
Acquired above market lease intangibles                                                                                  
1,444

 
1,575

Accumulated amortization of acquired above market lease intangibles
(686
)
 
(699
)
Acquired above market lease intangibles, net of accumulated amortization
758

 
876

 
 
 
 
Loan costs                                                                                  
8,140

 
8,166

Accumulated amortization of loan costs                                                         
(4,474
)
 
(4,454
)
Loan costs, net of accumulated amortization                                                     
3,666

 
3,712

 
 
 
 
Mortgage loans receivable                                                                                  
4,934

 
4,991

Interest rate swap assets
1,585

 
812

Escrow deposits for 1031 exchange
—

 
698

Receivable for development infrastructure cost reimbursements
2,020

 
—

Goodwill                                                                                  
990

 
990

Prepaid expenses and other assets                                                                                  
5,888

 
7,446

 Total Other Assets
$
91,612

 
93,509


Liabilities
Secured Debt decreased $68,062,000 during the six months ended June 30, 2015.  The decrease resulted from the repayment of one mortgage loan with a balance of $57,450,000, regularly scheduled principal payments of $10,592,000 and mortgage loan premium amortization of $20,000.

Unsecured Debt increased $75,000,000 during the six months ended June 30, 2015 as a result of the closing of a $75 million unsecured term loan in March 2015.

Unsecured Bank Credit Facilities increased $33,927,000 during the six months ended June 30, 2015; the Company’s credit facilities are described in greater detail under Liquidity and Capital Resources.


-25-


Accounts Payable and Accrued Expenses decreased $4,273,000 during the first six months of 2015.  A summary of the Company’s Accounts Payable and Accrued Expenses follows:
 
June 30,
2015
 
December 31,
2014
 
(In thousands)
Property taxes payable                                                                                  
$
15,688

 
15,216

Development costs payable                                                                                  
7,773

 
7,920

Interest payable                                                                                  
3,192

 
3,500

Dividends payable on unvested restricted stock                                                            
1,845

 
2,096

Other payables and accrued expenses                                                                                  
6,668

 
10,707

 Total Accounts Payable and Accrued Expenses
$
35,166

 
39,439


Other Liabilities increased $260,000 during the six months ended June 30, 2015.  A summary of the Company’s Other Liabilities follows:
 
June 30,
2015
 
December 31,
2014
 
(In thousands)
Security deposits                                                                                  
$
13,072

 
12,803

Prepaid rent and other deferred income                                                     
9,028

 
8,971

 
 
 
 
Acquired below-market lease intangibles
3,371

 
3,657

     Accumulated amortization of below-market lease intangibles
(1,444
)
 
(1,380
)
Acquired below-market lease intangibles, net of accumulated amortization
1,927

 
2,277

 
 
 
 
Interest rate swap liabilities
3,479

 
3,314

Prepaid tenant improvement reimbursements
31

 
212

Other liabilities                                                                                  
316

 
16

 Total Other Liabilities
$
27,853

 
27,593


Equity
Additional Paid-In Capital increased $2,846,000 during the six months ended June 30, 2015.  The increase primarily resulted from stock-based compensation as discussed in Note 15 in the Notes to Consolidated Financial Statements.

For the six months ended June 30, 2015, Distributions in Excess of Earnings increased $12,540,000 as a result of dividends on common stock of $37,003,000 exceeding Net Income Attributable to EastGroup Properties, Inc. Common Stockholders of $24,463,000.

Accumulated Other Comprehensive Loss decreased $587,000 during the six months ended June 30, 2015. The decrease resulted from the change in fair value of the Company's interest rate swaps which are further discussed in Note 13 in the Notes to Consolidated Financial Statements.

-26-


RESULTS OF OPERATIONS
(Comments are for the three and six months ended June 30, 2015, compared to the three and six months ended June 30, 2014.)

Net Income Attributable to EastGroup Properties, Inc. Common Stockholders for the three and six months ended June 30, 2015, was $14,533,000 ($.45 per basic and diluted share) and $24,463,000 ($.76 per basic and diluted share), respectively, compared to $9,118,000 ($.29 per basic and diluted share) and $17,490,000 ($.56 per basic and diluted share) for the same periods in 2014.

PNOI for the three months ended June 30, 2015, increased by $3,609,000, or 9.5%, compared to the same period in 2014. PNOI increased $1,729,000 from newly developed properties, $1,505,000 from same property operations and $751,000 from 2014 acquisitions; PNOI decreased $387,000 from properties sold in 2014 and 2015. Lease termination fee income was $20,000 and $19,000 for the three months ended June 30, 2015 and 2014, respectively. The Company recorded net bad debt recoveries of $17,000 and $20,000 during the three months ended June 30, 2015 and 2014, respectively. Straight-lining of rent increased Income from real estate operations by $207,000 and $347,000 for the three months ended June 30, 2015 and 2014, respectively.

PNOI for the six months ended June 30, 2015, increased by $7,028,000, or 9.3%, compared to the same period in 2014. PNOI increased $3,454,000 from newly developed properties, $2,575,000 from same property operations and $1,719,000 from 2014 acquisitions; PNOI decreased $729,000 from properties sold in 2014 and 2015. Lease termination fee income was $81,000 and $138,000 for the six months ended June 30, 2015 and 2014, respectively. The Company recorded bad debt expense of $338,000 and net bad debt recoveries of $7,000 during the six months ended June 30, 2015 and 2014, respectively. Straight-lining of rent increased Income from real estate operations by $532,000 and $1,048,000 for the six months ended June 30, 2015 and 2014, respectively.

EastGroup signed 47 leases with free rent concessions on 1,327,000 square feet during the three months ended June 30, 2015, with total free rent concessions of $1,492,000 over the lives of the leases. During the same period of 2014, the Company signed 40 leases with free rent concessions on 850,000 square feet with total free rent concessions of $838,000 over the lives of the leases.

During the six months ended June 30, 2015, EastGroup signed 81 leases with free rent concessions on 2,035,000 square feet with total free rent concessions of $2,196,000 over the lives of the leases. During the same period of 2014, the Company signed 79 leases with free rent concessions on 1,686,000 square feet with total free rent concessions of $2,096,000 over the lives of the leases.

Property expense to revenue ratios, defined as Expenses from Real Estate Operations as a percentage of Income from Real Estate Operations, were 27.8% and 28.1% for the three and six months ended June 30, 2015, respectively, compared to 29.0% and 28.7% for the same periods in 2014.  The Company’s percentage of leased square footage was 97.1% at June 30, 2015, compared to 95.7% at June 30, 2014.  Occupancy at June 30, 2015 was 96.2% compared to 95.0% at June 30, 2014.

























-27-


Interest Expense decreased $415,000 and $596,000 for the three and six months ended June 30, 2015, compared to the same periods in 2014. The following table presents the components of Interest Expense for the three and six months ended June 30, 2015 and 2014:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
Increase
(Decrease)
 
2015
 
2014
 
Increase
(Decrease)
 
(In thousands)
VARIABLE RATE INTEREST EXPENSE
 

 
 

 
 

 
 

 
 
 
 

Unsecured bank credit facilities interest
     (excluding loan cost amortization)                                                                                                                                                   
$
511

 
497

 
14

 
983

 
942

 
41

Amortization of loan costs - unsecured bank credit facilities                                                                  
103

 
103

 
—

 
206

 
206

 
—

   Total variable rate interest expense                                                                  
614

 
600

 
14

 
1,189

 
1,148

 
41

FIXED RATE INTEREST EXPENSE
 

 
 

 
 

 
 

 
 
 
 

Secured debt interest
     (excluding loan cost amortization)
5,204

 
6,640

 
(1,436
)
 
11,044

 
13,355

 
(2,311
)
Unsecured debt interest (1) 
     (excluding loan cost amortization)
3,777

 
2,684

 
1,093

 
7,124

 
5,316

 
1,808

Amortization of loan costs - secured debt                                                                  
102

 
133

 
(31
)
 
223

 
267

 
(44
)
Amortization of loan costs - unsecured debt 
101

 
67

 
34

 
202

 
134

 
68

   Total fixed rate interest expense                                                                  
9,184

 
9,524

 
(340
)
 
18,593

 
19,072

 
(479
)
Total interest                                                                  
9,798

 
10,124

 
(326
)
 
19,782

 
20,220

 
(438
)
Less capitalized interest                                                                  
(1,315
)
 
(1,226
)
 
(89
)
 
(2,494
)
 
(2,336
)
 
(158
)
TOTAL INTEREST EXPENSE 
$
8,483

 
8,898

 
(415
)
 
17,288

 
17,884

 
(596
)

(1) Includes interest on the Company's unsecured debt with fixed interest rates per the debt agreements or effectively fixed interest rates due to interest rate swaps, as discussed in Note 13 in the Notes to Consolidated Financial Statements.

EastGroup’s variable rate interest expense increased by $14,000 and $41,000 for the three and six months ended June 30, 2015, as compared to the same periods in 2014 primarily due to increases in the Company's average unsecured bank credit facilities borrowings as shown in the following table:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
Increase
(Decrease)
 
2015
 
2014
 
Increase
(Decrease)
 
(In thousands, except rates of interest)
Average unsecured bank credit facilities borrowings
$
109,502

 
107,591

 
1,911

 
104,916

 
100,320

 
4,596

Weighted average variable interest rates 
     (excluding loan cost amortization) 
1.87
%
 
1.85
%
 
 

 
1.89
%
 
1.89
%
 
 
















-28-


The Company's fixed rate interest expense decreased by $340,000 and $479,000 for the three and six months ended June 30, 2015, as compared to the same periods in 2014. The decreases were primarily due to decreases in secured debt interest, offset by increases in unsecured debt interest resulting from the Company's debt activity described below.

The decrease in secured debt interest resulted from regularly scheduled principal payments and debt repayments. Regularly scheduled principal payments on secured debt were $10,592,000 during the six months ended June 30, 2015. During the year ended December 31, 2014, regularly scheduled principal payments on secured debt were $22,269,000. The details of the secured debt repaid in 2014 and 2015 are shown in the following table:
SECURED DEBT REPAID IN 2014 AND 2015
 
Interest Rate
 
Date Repaid
 
Payoff Amount
 
 
 
 
 
 
(In thousands)
Kyrene Distribution Center
 
9.00%
 
06/30/2014
 
$
11

Americas Ten I, Kirby, Palm River North I, II & III, Shady Trail,
Westlake I & II and World Houston 17
 
5.68%
 
07/10/2014
 
26,565

   Weighted Average/Total Amount for 2014
 
5.68%
 
 
 
$
26,576

Beltway II, III & IV, Commerce Park 1, Eastlake, Fairgrounds I-IV,
       Nations Ford I-IV, Techway Southwest III, Wetmore I-IV and
       World Houston 15 & 22
 
5.50%
 
03/06/2015
 
$
57,450


During the first six months of 2015, EastGroup did not obtain any new secured debt; in 2014, the Company assumed the secured debt detailed in the following table:
NEW SECURED DEBT IN 2014
 
Effective Interest Rate
 
Date Obtained
 
Maturity Date
 
Amount
 
 
 
 
 
 
 
 
(In thousands)
Ramona Distribution Center (1)
 
3.85%
 
12/19/14
 
11/30/2026
 
$
2,847


(1)
In connection with the acquisition of Ramona Distribution Center, the Company assumed a mortgage of $2,617,000 and recorded a premium of $230,000 to adjust the mortgage loan assumed to fair value. This premium is being amortized over the remaining life of the mortgage.

The decrease in secured debt interest was partially offset by increases in unsecured debt interest resulting from the Company's unsecured debt activity described below. The details of the unsecured debt obtained in 2014 and 2015 are shown in the following table:
NEW UNSECURED DEBT IN 2014 and 2015
 
Effective Interest Rate
 
Date Obtained
 
Maturity Date
 
Amount
 
 
 
 
 
 
 
 
(In thousands)
$75 Million Unsecured Term Loan (1)
 
2.846%
 
07/31/2014
 
07/31/2019
 
$
75,000

$75 Million Unsecured Term Loan (2)
 
3.031%
 
03/02/2015
 
02/28/2022
 
75,000


(1)
The interest rate on this unsecured term loan is comprised of LIBOR plus 115 basis points subject to a pricing grid for changes in the Company's coverage ratings. The Company entered into an interest rate swap to convert the loan's LIBOR rate to a fixed interest rate, providing the Company a weighted average effective interest rate on the term loan of 2.846% as of June 30, 2015. See Note 13 in the Notes to Consolidated Financial Statements for additional information on the interest rate swaps.
(2)
The interest rate on this unsecured term loan is comprised of LIBOR plus 140 basis points subject to a pricing grid for changes in the Company's coverage ratings. The Company entered into an interest rate swap to convert the loan's LIBOR rate to a fixed interest rate, providing the Company a weighted average effective interest rate on the term loan of 3.031% as of June 30, 2015. See Note 13 in the Notes to Consolidated Financial Statements for additional information on the interest rate swaps.

Interest costs during the period of construction of real estate properties are capitalized and offset against interest expense.  Capitalized interest increased $89,000 and $158,000 for the three and six months ended June 30, 2015, as compared to the same periods of 2014.

Depreciation and Amortization expense from continuing operations increased $830,000 and $1,804,000 for the three and six months ended June 30, 2015, as compared to the same periods in 2014 primarily due to the operating properties acquired by the Company in 2014 and the properties transferred from Development in 2014 and 2015.  

General and Administrative expense increased $854,000 and $1,944,000 for the three and six months ended June 30, 2015, as compared to the same periods in 2014 primarily due to accelerated restricted stock vesting for the Company's retiring Chief Executive Officer (CEO), various costs associated with the CEO succession, and increased general compensation expense.

-29-


Capital Expenditures
Capital expenditures for EastGroup's operating properties for the three and six months ended June 30, 2015 and 2014 were as follows:
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
Estimated Useful Life
 
2015
 
2014
 
2015
 
2014
 
 
 
(In thousands)
Upgrade on Acquisitions                                            
40 yrs
 
$
3

 
28

 
3

 
54

Tenant Improvements:
 
 
 

 
 
 
 

 
 
New Tenants                                            
Lease Life
 
1,984

 
2,345

 
3,810

 
3,974

   New Tenants (first generation) (1)
Lease Life
 
48

 
1

 
49

 
1

Renewal Tenants                                            
Lease Life
 
597

 
218

 
997

 
1,253

Other:
 
 
 

 
 

 
 

 
 
Building Improvements                                            
5-40 yrs
 
1,190

 
730

 
1,997

 
1,384

Roofs                                            
5-15 yrs
 
5,153

 
1,548

 
5,252

 
2,150

Parking Lots                                            
3-5 yrs
 
49

 
63

 
191

 
217

Other                                            
5 yrs
 
232

 
90

 
384

 
120

Total Capital Expenditures
 
 
$
9,256

 
5,023

 
12,683

 
9,153


(1)
First generation refers only to space that has never been occupied under EastGroup’s ownership.

Capitalized Leasing Costs
The Company’s leasing costs (principally commissions) are capitalized and included in Other Assets. The costs are amortized over the terms of the associated leases and are included in Depreciation and Amortization expense.  Capitalized leasing costs for the three and six months ended June 30, 2015 and 2014 were as follows:
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
Estimated Useful Life
 
2015
 
2014
 
2015
 
2014
 
 
 
(In thousands)
Development
Lease Life
 
$
916

 
660

 
1,703

 
1,099

New Tenants
Lease Life
 
947

 
925

 
1,860

 
1,632

New Tenants (first generation) (1)
Lease Life
 
—

 
—

 
(27
)
 
—

Renewal Tenants
Lease Life
 
774

 
727

 
2,009

 
2,097

Total Capitalized Leasing Costs
 
 
$
2,637

 
2,312

 
5,545

 
4,828

Amortization of Leasing Costs
 
 
$
2,223

 
1,939

 
4,383

 
3,922


(1)
First generation refers only to space that has never been occupied under EastGroup’s ownership.

Discontinued Operations
In April 2014, the FASB issued Accounting Standards Update (ASU) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which amended the requirements for reporting discontinued operations. Under ASU 2014-08, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale or when the component or group of components is disposed of by sale or other than by sale. In addition, this ASU requires additional disclosures about both discontinued operations and the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation in the financial statements. EastGroup performs an analysis of properties sold to determine whether the sales qualify for discontinued operations presentation. Typically, when the Company disposes of operating properties, the sales are not considered to be disposals of a component of an entity or a group of components of an entity representing a strategic shift that has (or will have) a major effect on the entity's operations and financial results. The Company adopted the provisions of ASU 2014-08 as of January 1, 2014, and has applied the provisions prospectively.


-30-


EastGroup sold one operating property, the last of its three Ambassador Row Warehouses, during the first six months of 2015. During 2014, the Company sold the following operating properties: Northpoint Commerce Center in Oklahoma City, Tampa West Distribution Center VI in Tampa, Clay Campbell Distribution Center and Kirby Business Center in Houston, and two of its three Ambassador Row Warehouses in Dallas. The results of operations and gains on sales for the properties sold during the periods presented are reported in continuing operations on the Consolidated Statements of Income and Comprehensive Income. The gains on sales are included in Gain on Sales of Real Estate Investments. See Note 7 in the Notes to Consolidated Financial Statements for more information related to discontinued operations and gain on sales of real estate investments.  

RECENT ACCOUNTING PRONOUNCEMENTS

EastGroup has evaluated all ASUs recently released by the FASB through the date the financial statements were issued and determined that the following ASUs apply to the Company.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2018. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. For public business entities, the ASU is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Entities should apply the new guidance on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. Upon transition, entities are required to comply with the applicable disclosures for a change in an accounting principle. EastGroup plans to adopt ASU 2015-03 effective January 1, 2016; as such, the Company plans to present debt issuance costs as a direct deduction from the carrying amounts of its debt liabilities and to provide all necessary disclosures beginning with the Form 10-Q for the period ended March 31, 2016.

LIQUIDITY AND CAPITAL RESOURCES

Net cash provided by operating activities was $59,662,000 for the six months ended June 30, 2015.  The primary other sources of cash were from borrowings on unsecured bank credit facilities and proceeds from unsecured debt.  The Company distributed $37,254,000 in common stock dividends during the six months ended June 30, 2015.  Other primary uses of cash were for repayments on unsecured bank credit facilities, secured debt repayments, the construction and development of properties and capital improvements at various properties.

Total debt at June 30, 2015 and December 31, 2014 is detailed below.  The Company’s unsecured bank credit facilities and unsecured term loans have certain restrictive covenants, such as maintaining debt service coverage and leverage ratios and maintaining insurance coverage, and the Company was in compliance with all of its debt covenants at June 30, 2015 and December 31, 2014.
 
June 30,
2015
 
December 31,
2014
 
(In thousands)
Secured debt
$
385,714

 
453,776

Unsecured debt
455,000

 
380,000

Unsecured bank credit facilities
133,328

 
99,401

Total debt                                                      
$
974,042

 
933,177


EastGroup currently has a $225 million unsecured revolving credit facility with a group of nine banks that matures in January 2017. The credit facility contains options for a one-year extension (at the Company's election) and a $100 million expansion (with agreement by all parties).  The interest rate on each tranche is usually reset on a monthly basis and as of June 30, 2015, was LIBOR plus 117.5 basis points with an annual facility fee of 22.5 basis points. The margin and facility fee are subject to changes in the Company's credit ratings.  At June 30, 2015, the weighted average interest rate was 1.362% on a balance of $120,000,000. The Company has negotiated terms to amend the credit facility and expects to close on the amended agreement by the end of July

-31-


2015. The amended agreement expands the current facility to $300 million, reduces the margin over LIBOR to 100 basis points and the annual facility fee to 20 basis points, and extends the maturity date to four years from closing. The amended $300 million agreement contains an option for a one-year extension (at the Company's election) and a $150 million expansion (with agreement by both parties). The transaction is expected to close by the end of July 2015, subject to due diligence and completion of final documentation.
  
The Company also currently has a $25 million unsecured revolving credit facility with PNC Bank, N.A. that matures in January 2017. This credit facility automatically extends for one year if the extension option in the $225 million revolving credit facility is exercised.  The interest rate is reset on a daily basis and as of June 30, 2015, was LIBOR plus 117.5 basis points with an annual facility fee of 22.5 basis points. The margin and facility fee are subject to changes in the Company's credit ratings.  At June 30, 2015, the interest rate was 1.362% on a balance of $13,328,000. The Company has negotiated terms to amend the credit facility and expects to close on the amended agreement by the end of July 2015. The amended agreement expands the current facility to $35 million, reduces the margin over LIBOR to 100 basis points and the annual facility fee to 20 basis points, and extends the maturity date to four years from closing. The $35 million agreement contains a provision that the credit facility would automatically be extended for one year if the extension option in the $300 million facility is exercised. The transaction is expected to close by the end of July 2015, subject to due diligence and completion of final documentation.

As market conditions permit, EastGroup issues equity and/or employs fixed-rate debt, including variable-rate debt that has been swapped to an effectively fixed rate through the use of interest rate swaps, to replace the short-term bank borrowings.  The Company believes its current operating cash flow and unsecured bank credit facilities provide the capacity to fund the operations of the Company.  The Company also believes it can obtain financing from financial institutions and insurance companies and issue common and/or preferred equity. The Company intends to obtain primarily unsecured fixed-rate debt, including variable-rate debt that has been swapped to an effectively fixed rate through the use of interest rate swaps, in the future. The Company may also access the public debt market in the future as a means to raise capital.

On February 19, 2014, EastGroup entered into Sales Agency Financing Agreements with BNY Mellon Capital Markets, LLC, Raymond James & Associates, Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated pursuant to which it may issue and sell up to 10,000,000 shares of its common stock from time to time. During the six months ended June 30, 2015, the Company issued and sold 1,688 shares of common stock under its continuous equity program at an average price of $63.98 per share with gross proceeds to the Company of $108,000. The Company incurred offering-related costs of $56,000 during the six months, resulting in net proceeds to the Company of $52,000. As of July 20, 2015, the Company has 8,751,912 shares of common stock remaining to sell under the program.

Subsequent to quarter end, EastGroup entered into an agreement in principle with two insurance companies under which the Company plans to issue $75 million of senior unsecured private placement notes which are expected to close in October. The 10-year notes will have a weighted average interest rate of 3.98% with semi-annual interest payments. The notes will not be and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The transaction is expected to close in October 2015, and the issuance of the notes in this private placement is subject to due diligence and completion of final documentation.

The Company anticipates that its current cash balance, operating cash flows, borrowings under its unsecured bank credit facilities, proceeds from new secured and unsecured debt and/or proceeds from the issuance of equity instruments will be adequate for (i) operating and administrative expenses, (ii) normal repair and maintenance expenses at its properties, (iii) debt service obligations, (iv) maintaining compliance with its debt covenants, (v) distributions to stockholders, (vi) capital improvements, (vii) purchases of properties, (viii) development, and (ix) any other normal business activities of the Company, both in the short-term and long-term.

Contractual Obligations
EastGroup’s fixed, non-cancelable obligations as of December 31, 2014, did not materially change during the six months ended June 30, 2015, except for the increases in Unsecured Bank Credit Facilities and Unsecured Debt and the decrease in Secured Debt discussed above.









-32-


INFLATION AND OTHER ECONOMIC CONSIDERATIONS
 
Most of the Company's leases include scheduled rent increases.  Additionally, most of the Company's leases require the tenants to pay their pro rata share of operating expenses, including real estate taxes, insurance and common area maintenance, thereby reducing the Company's exposure to increases in operating expenses resulting from inflation.  In the event inflation causes increases in the Company’s general and administrative expenses or the level of interest rates, such increased costs would not be passed through to tenants and could adversely affect the Company’s results of operations.

EastGroup's financial results are affected by general economic conditions in the markets in which the Company's properties are located.  The state of the economy, or other adverse changes in general or local economic conditions, could result in the inability of some of the Company's existing tenants to make lease payments and may therefore increase bad debt expense.  It may also impact the Company’s ability to (i) renew leases or re-lease space as leases expire, or (ii) lease development space.  In addition, an economic downturn or recession could also lead to an increase in overall vacancy rates or a decline in rents the Company can charge to re-lease properties upon expiration of current leases.  In all of these cases, EastGroup’s cash flows would be adversely affected.


ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

The Company is exposed to interest rate changes primarily as a result of its unsecured bank credit facilities and long-term debt maturities.  This debt is used to maintain liquidity and fund capital expenditures and expansion of the Company’s real estate investment portfolio and operations.  The Company’s objective for interest rate risk management is to limit the impact of interest rate changes on earnings and cash flows and to lower its overall borrowing costs.  The Company has two variable rate unsecured bank credit facilities as discussed under Liquidity and Capital Resources. As market conditions permit, EastGroup issues equity and/or employs fixed-rate debt, including variable-rate debt that has been swapped to an effectively fixed rate through the use of interest rate swaps, to replace the short-term bank borrowings.  The Company's interest rate swaps are discussed in Note 13 in the Notes to Consolidated Financial Statements.  The table below presents the principal payments due and weighted average interest rates, which include the impact of interest rate swaps, for both the fixed-rate and variable-rate debt as of June 30, 2015.
 
July – December 2015
 
2016
 
2017
 
2018
 
2019
 
Thereafter
 
Total
 
Fair Value
Secured debt (in thousands)
$
34,312

 
92,808

 
58,239

 
 
11,316

 
55,568

 
133,471

 
385,714

 
405,240

(1)
   Weighted average interest rate
5.10
%
 
5.79
%
 
5.50
%
 
 
5.21
%
 
7.01
%
 
4.42
%
 
5.37
%
 
 
 
Unsecured debt (in thousands)
$
—

 
—

 
—

 
 
130,000

 
75,000

 
250,000

 
455,000

 
428,493

(1)
   Weighted average interest rate
—

 
—

 
—

 
 
3.21
%
 
2.85
%
 
3.56
%
 
3.34
%
 
 
 
Unsecured bank credit facilities (in thousands)
$
—

 
—

 
133,328

(2)
 
—

 
—

 
—

 
133,328

 
133,688

(3)
   Weighted average interest rate
—

 
—

 
1.36
%
(4)
 
—

 
—

 
—

 
1.36
%
 
 
 

(1)
The fair value of the Company’s fixed-rate debt, including variable-rate debt that has been swapped to an effectively fixed rate through the use of interest rate swaps, is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company’s bankers.
(2)
The variable rate debt matures in January 2017 and is comprised of two unsecured bank credit facilities with balances of $120,000,000 on the $225 million unsecured bank credit facility and $13,328,000 on the $25 million unsecured bank credit facility as of June 30, 2015. See Liquidity and Capital Resources for a discussion of amended credit facility agreements the Company expects to close in July 2015.
(3)
The fair value of the Company’s variable rate debt is estimated by discounting expected cash flows at current market rates.
(4)
Represents the weighted average interest rate as of June 30, 2015.

As the table above incorporates only those exposures that existed as of June 30, 2015, it does not consider those exposures or positions that could arise after that date.  If the weighted average interest rate on the variable rate unsecured bank credit facilities as shown above changes by 10% or approximately 14 basis points, interest expense and cash flows would increase or decrease by approximately $181,000 annually. This does not include variable-rate debt that has been effectively fixed through the use of interest rate swaps.






-33-


FORWARD-LOOKING STATEMENTS

Certain statements contained in this report may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Words such as “will,” “anticipates,” “expects,” “believes,” “intends,” “plans,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that the Company expects or anticipates will occur in the future, including statements relating to rent and occupancy growth, development activity, the acquisition or sale of properties, general conditions in the geographic areas where the Company operates and the availability of capital, are forward-looking statements.  Forward-looking statements are inherently subject to known and unknown risks and uncertainties, many of which the Company cannot predict, including, without limitation: changes in general economic conditions; the extent of tenant defaults or of any early lease terminations; the Company's ability to lease or re-lease space at current or anticipated rents; the availability of financing; the failure to maintain credit ratings with rating agencies; changes in the supply of and demand for industrial/warehouse properties; increases in interest rate levels; increases in operating costs; natural disasters, terrorism, riots and acts of war, and the Company's ability to obtain adequate insurance; changes in governmental regulation, tax rates and similar matters; and other risks associated with the development and acquisition of properties, including risks that development projects may not be completed on schedule, development or operating costs may be greater than anticipated or acquisitions may not close as scheduled, and those additional factors discussed under “Item 1A. Risk Factors” in Part II of this report and in the Company’s Annual Report on Form 10-K.  Although the Company believes the expectations reflected in the forward-looking statements are based upon reasonable assumptions at the time made, the Company can give no assurance that such expectations will be achieved.  The Company assumes no obligation whatsoever to publicly update or revise any forward-looking statements.  See also the information contained in the Company’s reports filed or to be filed from time to time with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

ITEM 4.
CONTROLS AND PROCEDURES.

(i)      Disclosure Controls and Procedures.

The Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15.  Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that, as of June 30, 2015, the Company’s disclosure controls and procedures were effective in timely alerting them to material information relating to the Company (including its consolidated subsidiaries) required to be included in the Company’s periodic SEC filings.

(ii)      Changes in Internal Control Over Financial Reporting.

There was no change in the Company's internal control over financial reporting during the Company's second fiscal quarter ended June 30, 2015, that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

PART II.  OTHER INFORMATION.

ITEM 1A.
RISK FACTORS.

There have been no material changes to the risk factors disclosed in EastGroup’s Form 10-K for the year ended December 31, 2014.  For a full description of these risk factors, please refer to “Item 1A. Risk Factors” in the 2014 Annual Report on Form 10-K.

ITEM 4.
MINE SAFETY DISCLOSURES.

Not applicable.









-34-


ITEM 6.
EXHIBITS.
(a)
Form 10-Q Exhibits:
 
 
 
 
(31
)
Rule 13a-14(a)/15d-14(a) Certifications (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002)
 
 
(a)
David H. Hoster II, Chief Executive Officer
 
 
(b)
N. Keith McKey, Chief Financial Officer
 
(32
)
Section 1350 Certifications (pursuant to Section 906 of the Sarbanes-Oxley Act of 2002)
 
 
(a)
David H. Hoster II, Chief Executive Officer
 
 
(b)
N. Keith McKey, Chief Financial Officer
 
(101
)
The following materials from EastGroup Properties, Inc.’s Quarterly Report on Form 10-Q for 
 
 
the quarter ended June 30, 2015, formatted in XBRL (eXtensible Business Reporting Language):
 
 
(i) consolidated balance sheets, (ii) consolidated statements of income and comprehensive income,
 
 
(iii) consolidated statement of changes in equity, (iv) consolidated statements of cash flows, and 
 
 
(v) the notes to the consolidated financial statements.

-35-


SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date:  July 20, 2015

 
EASTGROUP PROPERTIES, INC.
 
 
 
/s/ BRUCE CORKERN 
 
Bruce Corkern, CPA
 
Senior Vice President, Controller and
 
Chief Accounting Officer
 
 
 
/s/ N. KEITH MCKEY 
 
N. Keith McKey, CPA
 
Executive Vice President,
 
Chief Financial Officer, Treasurer and Secretary
­­­­­­­­­­­­­­­­

-36-
 EX-31.A 2 exhibit31aq22015.htm EXHIBIT 31.A Exhibit 31(a) Q2 2015


Exhibit 31(a)
Certification of Chief Executive Officer
EastGroup Properties, Inc.

I, David H. Hoster II, certify that:
1.
I have reviewed this quarterly report on Form 10-Q of EastGroup Properties, Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 
/s/ DAVID H. HOSTER II
 
DAVID H. HOSTER II
 
Chief Executive Officer
 
July 20, 2015



 EX-31.B 3 exhibit31bq22015.htm EXHIBIT 31.B Exhibit 31(b) Q2 2015


Exhibit 31(b)
Certification of Chief Financial Officer
EastGroup Properties, Inc.

I, N. Keith McKey, certify that:
1.
I have reviewed this quarterly report on Form 10-Q of EastGroup Properties, Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 
/s/ N. KEITH MCKEY
 
N. KEITH MCKEY
 
Chief Financial Officer
 
July 20, 2015



 EX-32.A 4 exhibit32aq22015.htm EXHIBIT 32.A Exhibit 32(a) Q2 2015


Exhibit 32(a)
Certification of Chief Executive Officer
EastGroup Properties, Inc.
In connection with the quarterly report of EastGroup Properties, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David H. Hoster II, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:
(1)
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
/s/ DAVID H. HOSTER II
 
DAVID H. HOSTER II
 
Chief Executive Officer
 
July 20, 2015



 EX-32.B 5 exhibit32bq22015.htm EXHIBIT 32.B Exhibit 32(b) Q2 2015


Exhibit 32(b)
Certification of Chief Financial Officer
EastGroup Properties, Inc.
In connection with the quarterly report of EastGroup Properties, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, N. Keith McKey, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:
(1)
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
/s/ N. KEITH MCKEY
 
N. KEITH MCKEY
 
Chief Financial Officer
 
July 20, 2015




 EX-101.INS 6 egp-20150630.xml XBRL INSTANCE DOCUMENT 0000049600 2015-01-01 2015-06-30 0000049600 2015-07-17 0000049600 2014-06-30 0000049600 2015-06-30 0000049600 2014-12-31 0000049600 2015-04-01 2015-06-30 0000049600 2014-04-01 2014-06-30 0000049600 2014-01-01 2014-06-30 0000049600 us-gaap:NoncontrollingInterestMember 2014-12-31 0000049600 us-gaap:AdditionalPaidInCapitalMember 2015-01-01 2015-06-30 0000049600 us-gaap:CommonStockMember 2015-01-01 2015-06-30 0000049600 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-01-01 2015-06-30 0000049600 us-gaap:NoncontrollingInterestMember 2015-01-01 2015-06-30 0000049600 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2014-12-31 0000049600 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2014-12-31 0000049600 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2015-06-30 0000049600 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2015-01-01 2015-06-30 0000049600 us-gaap:NoncontrollingInterestMember 2015-06-30 0000049600 us-gaap:AdditionalPaidInCapitalMember 2014-12-31 0000049600 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-06-30 0000049600 us-gaap:AdditionalPaidInCapitalMember 2015-06-30 0000049600 us-gaap:CommonStockMember 2014-12-31 0000049600 us-gaap:CommonStockMember 2015-06-30 0000049600 2013-12-31 0000049600 egp:IndustryDistributionCenterIiUndividedTenantMember 2015-06-30 0000049600 egp:CastilianResearchCenterMember 2015-06-30 0000049600 us-gaap:CorporateJointVentureMember 2015-06-30 0000049600 2014-01-01 2014-12-31 0000049600 us-gaap:CorporateJointVentureMember 2014-12-31 0000049600 egp:CastilianResearchCenterMember 2014-12-31 0000049600 egp:IndustryDistributionCenterIiUndividedTenantMember 2014-12-31 0000049600 egp:ImprovementsAndPersonalPropertyMember us-gaap:MinimumMember 2015-01-01 2015-06-30 0000049600 egp:ImprovementsAndPersonalPropertyMember us-gaap:MaximumMember 2015-01-01 2015-06-30 0000049600 us-gaap:BuildingMember 2015-01-01 2015-06-30 0000049600 egp:RidgeCreekDistributionCenterIIIColoradoCrossingDistributionCenterandRamonaDistributionCenterDomain egp:BelowmarketleaseMember 2014-12-31 0000049600 egp:RidgeCreekDistributionCenterIIIColoradoCrossingDistributionCenterandRamonaDistributionCenterDomain 2014-01-01 2014-12-31 0000049600 egp:RidgeCreekDistributionCenterIIIColoradoCrossingDistributionCenterandRamonaDistributionCenterDomain 2014-12-31 0000049600 egp:RidgeCreekDistributionCenterIIIColoradoCrossingDistributionCenterandRamonaDistributionCenterDomain us-gaap:LeasesAcquiredInPlaceMember 2014-12-31 0000049600 egp:RidgeCreekDistributionCenterIIIColoradoCrossingDistributionCenterandRamonaDistributionCenterDomain us-gaap:AboveMarketLeasesMember 2014-12-31 0000049600 us-gaap:LandMember 2015-01-01 2015-06-30 0000049600 egp:NorthpointTampaWestVIClayCampbellKirbyandAmbassadortwobuildingspropertysalesMember 2014-12-31 0000049600 egp:AmbassadorRowWarehouseonebuildingsoldin2015Member 2015-06-30 0000049600 egp:NorthpointTampaWestVIClayCampbellKirbyandAmbassadortwobuildingspropertysalesMember 2014-01-01 2014-12-31 0000049600 egp:AmbassadorRowWarehouseonebuildingsoldin2015Member 2015-01-01 2015-06-30 0000049600 us-gaap:LandMember 2014-01-01 2014-12-31 0000049600 egp:SecuredandunsecureddebtMember 2015-06-30 0000049600 egp:SeventyFiveMillionUnsecuredTermLoanexecutedin2015Member us-gaap:UnsecuredDebtMember 2015-01-01 2015-03-31 0000049600 us-gaap:UnsecuredDebtMember 2015-01-01 2015-06-30 0000049600 egp:SeventyFiveMillionUnsecuredTermLoanexecutedin2015Member 2015-03-31 0000049600 us-gaap:SecuredDebtMember 2015-01-01 2015-06-30 0000049600 2014-03-31 0000049600 2015-03-31 0000049600 us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2014-04-01 2014-06-30 0000049600 us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2014-01-01 2014-06-30 0000049600 us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-04-01 2015-06-30 0000049600 us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-01-01 2015-06-30 0000049600 us-gaap:OtherLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2014-12-31 0000049600 us-gaap:OtherAssetsMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-06-30 0000049600 us-gaap:OtherLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-06-30 0000049600 us-gaap:OtherAssetsMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2014-12-31 0000049600 egp:A60millioninterestrateswapMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-06-30 0000049600 egp:A80millioninterestrateswapMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2014-12-31 0000049600 egp:A75millioninterestrateswapexecutedin2014Member us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-06-30 0000049600 egp:A75millioninterestrateswapexecutedin2015Member us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-06-30 0000049600 egp:A80millioninterestrateswapMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-06-30 0000049600 egp:A15millioninterestrateswapMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2014-12-31 0000049600 egp:A15millioninterestrateswapMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-06-30 0000049600 egp:A60millioninterestrateswapMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2014-12-31 0000049600 egp:A75millioninterestrateswapexecutedin2014Member us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2014-12-31 0000049600 egp:A75millioninterestrateswapexecutedin2015Member us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2014-12-31 0000049600 egp:SeventyFiveMillionUnsecuredTermLoanexecutedin2014Member 2014-09-30 0000049600 us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2015-06-30 0000049600 egp:A75millioninterestrateswapsMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2013-07-01 2013-09-30 0000049600 egp:EightyMillionUnsecuredTermLoanMember 2012-09-30 0000049600 egp:A75millioninterestrateswapsMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2013-09-30 0000049600 egp:A75millioninterestrateswapexecutedin2014Member us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2014-09-30 0000049600 egp:A80millioninterestrateswapMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2012-09-30 0000049600 egp:SeventyfiveMillionUnsecuredTermLoanMember 2014-12-31 0000049600 egp:EightyMillionUnsecuredTermLoanMember 2014-12-31 0000049600 egp:AwardRecipientTypeEmployeesandDirectorsMember 2015-01-01 2015-06-30 0000049600 egp:AwardRecipientTypeEmployeesandDirectorsMember 2015-04-01 2015-06-30 0000049600 egp:AwardRecipientTypeEmployeesandDirectorsMember 2015-06-30 0000049600 egp:AwardRecipientTypeEmployeesandDirectorsMember 2014-12-31 0000049600 egp:AwardRecipientTypeEmployeesandDirectorsMember 2015-03-31 0000049600 egp:AwardRecipientTypeEmployeeMember egp:CompanyPerformanceAwardsMember us-gaap:ExecutiveOfficerMember us-gaap:RestrictedStockMember egp:EquityIncentivePlan2013Member 2015-01-01 2015-06-30 0000049600 egp:AwardRecipientTypeEmployeeMember egp:NonExecutiveOfficersMember us-gaap:RestrictedStockMember 2015-04-01 2015-06-30 0000049600 egp:AwardRecipientTypeEmployeeMember us-gaap:RestrictedStockMember 2014-04-01 2014-06-30 0000049600 egp:AwardRecipientTypeEmployeeMember us-gaap:RestrictedStockMember 2015-01-01 2015-06-30 0000049600 egp:AwardRecipientTypeDirectorMember 2014-04-01 2014-06-30 0000049600 egp:AwardRecipientTypeEmployeeMember us-gaap:RestrictedStockMember 2014-01-01 2014-06-30 0000049600 egp:AwardRecipientTypeEmployeeMember egp:ShareholderReturnAwardsMember us-gaap:ExecutiveOfficerMember us-gaap:RestrictedStockMember egp:EquityIncentivePlan2013Member 2015-01-01 2015-06-30 0000049600 egp:AwardRecipientTypeDirectorMember 2015-01-01 2015-06-30 0000049600 egp:AwardRecipientTypeDirectorMember 2014-01-01 2014-06-30 0000049600 egp:AwardRecipientTypeDirectorMember 2015-04-01 2015-06-30 0000049600 egp:AwardRecipientTypeEmployeeMember us-gaap:RestrictedStockMember 2015-04-01 2015-06-30 0000049600 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2015-06-30 0000049600 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2014-12-31 0000049600 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2014-12-31 0000049600 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2015-06-30 0000049600 us-gaap:PrivatePlacementMember 2015-07-01 2015-07-20 0000049600 egp:NineBankGroupUnsecuredRevolvingCreditFacilityMember us-gaap:CreditFacilityDomain 2015-07-20 0000049600 egp:PncNaUnsecuredRevolvingCreditFacilityMember us-gaap:CreditFacilityDomain 2015-07-01 2015-07-20 0000049600 egp:NineBankGroupUnsecuredRevolvingCreditFacilityMember us-gaap:CreditFacilityDomain 2015-07-01 2015-07-20 0000049600 egp:FormerninebankgroupunsecuredrevolvingcreditfacilityMember us-gaap:CreditFacilityDomain 2015-06-30 0000049600 egp:FormerPncnarevolvingcreditfacilityMember us-gaap:CreditFacilityDomain 2015-06-30 0000049600 egp:FormerninebankgroupunsecuredrevolvingcreditfacilityMember us-gaap:CreditFacilityDomain 2015-01-01 2015-06-30 0000049600 egp:PncNaUnsecuredRevolvingCreditFacilityMember us-gaap:CreditFacilityDomain 2015-07-20 0000049600 egp:FormerPncnarevolvingcreditfacilityMember us-gaap:CreditFacilityDomain 2015-01-01 2015-06-30 xbrli:pure iso4217:USD xbrli:shares utreg:sqft egp:Integer xbrli:shares iso4217:USD egp:joint_ventures egp:properties false --12-31 Q2 2015 2015-06-30 10-Q 0000049600 32314021 Yes Large Accelerated Filer 1954758000 EastGroup Properties Inc No Yes 699000 686000 -1380000 -1444000 1575000 1444000 876000 758000 3657000 3371000 2277000 1927000 -8345000 -8734000 11773000 9588000 102000 272000 -581000 -1145000 -1116000 -2049000 10822000 3810000 48805000 12076000 -147000 0 -2020000 P4Y P4Y 0.0398 0.03031 25013000 25647000 698000 698000 698000 0 0 0 30000000 30000000 0 0 0.0001 0.0001 0 0 150000000 P1Y P1Y 0.225 0.225 0.2 0.20 6664000 95000 3026000 98000 123000 107000 91000 94000 82000 1631000 3517000 2 2 1.00 1.00 1.00 1.00 P1Y 0.80 0.80 0.80 0.80 0.014 1.175 1.175 1.00 1.00 2617000 5 1 2 5 2 0.80 230000 -212000 -31000 103000 126000 1894973000 1932961000 0 2020000 -89000 -176000 -110000 -232000 78000 57000 453776000 478659000 385714000 405240000 57450000 -68062000 10592000 0.20 0.25 49366 51432 0 0 0.20 0.25 0.20 80000000 75000000 80000000 75000000 75000000 99401000 99638000 133328000 133688000 33927000 380000000 364295000 455000000 428493000 75000000 10 -2041000 0 0 -2041000 0 0 32409 80000000 75000000 75000000 15000000 60000000 75000000 0 80000000 75000000 15000000 60000000 75000000 75000000 80000000 39439000 35166000 10707000 6668000 4459000 2820000 4080000 2510000 15216000 15688000 4454000 4474000 300852000 313392000 1629000 592000 -1148000 -2357000 -4892000 -1770000 874335000 877181000 8971000 9028000 120000 1348000 239000 3417000 124000 1839000 -4709000 248000 4180000 0 0 -4709000 0 0 379000 310000 20000 1121000 2333000 1041000 2185000 442000 185000 1575824000 1603483000 160000 160000 0 0 160000 160000 0 0 903000 4000 5074000 47477000 11000 13000 8000 19000 11000 11000 13000 13000 11000 13000 11000 2000 1.14 0.0001 0.0001 70000000 70000000 32232587 32314021 32232587 32314021 3000 3000 7378000 14713000 17655000 25050000 7920000 7773000 15625000 30637000 16047000 32460000 14094000 28067000 14720000 29558000 35897000 71525000 37843000 76936000 2017-01-05 2017-01-05 22951000 22486000 56171000 56784000 33220000 34298000 8166000 8140000 3712000 3666000 24911000 25375000 17154000 34322000 17984000 36126000 -2321000 -3922000 2006000 -1462000 3314000 3314000 3479000 3479000 179973000 198143000 37003000 37003000 0 0 0 0 2096000 1845000 0.29 0.56 0.45 0.76 0.29 0.56 0.45 0.76 321000 832000 399000 821000 0.50 0.50 7884000 8090000 20118000 18322000 9188000 2903000 0 95000 2903000 2903000 2958000 6406000 3812000 8350000 990000 990000 -3123000 -4889000 -2202000 -3346000 8898000 17884000 8483000 17288000 2336000 2494000 17350000 16985000 3500000 3192000 812000 812000 1585000 1585000 3314000 3314000 3479000 3479000 812000 812000 1585000 1585000 1284961000 1311445000 283116000 286708000 1000209000 1037061000 1575824000 1603483000 25000000 225000000 300000000 35000000 4991000 4934000 4991000 5055000 4934000 4978000 7 383471000 92808000 130568000 141316000 58239000 34312000 4486000 4400000 347000 0 0 0 0 347000 42978000 833000 -96773000 -60493000 53806000 59662000 124000 266000 130000 261000 9118000 17490000 14533000 24463000 99401000 133328000 17922000 35106000 20001000 38500000 93509000 91612000 -1740000 -2777000 3122000 587000 -1740000 -2777000 3122000 587000 0 587000 0 0 0 27593000 27853000 16000 316000 -80000 -226000 18000 53000 17000 34000 218000 439000 242000 609000 9912000 11593000 4610000 3720000 42000 585000 34183000 37254000 51652000 41751000 0 56125000 48226000 7446000 5888000 165969000 195545000 37033000 52000 0 75000000 75000000 -2221000 -2391000 21381000 141000 5250000 170000 3471000 5156000 9242000 17756000 14663000 24724000 24463000 0 0 0 261000 P15Y P3Y P40Y 600526000 627336000 2074946000 2131104000 1474420000 1503768000 53801000 106578000 57827000 115402000 112529000 161618000 11152000 68042000 53819000 106631000 57844000 115436000 453776000 385714000 12803000 13072000 2824000 3607000 0.00 0.00 23525 100622 60.89 60.89 61.07 266223 237485 261010 49.81 51.88 52.69 0 105835 0.00 53.40 0 0 23525 32409 2160 1688 126000 0 0 126000 0 0 52000 0 0 52000 0 0 571129000 562022000 575615000 -300852000 -2357000 874335000 3000 4486000 566422000 -313392000 -1770000 877181000 3000 4400000 326896000 334808000 380000000 455000000 31244000 31063000 32139000 32121000 31137000 30972000 32045000 32039000 <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DEVELOPMENT</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the period in which a property is under development, costs associated with development (i.e., land, construction costs, interest expense, property taxes and other direct and indirect costs associated with development) are aggregated into the total capitalized costs of the property.&#160; Included in these costs are management&#8217;s estimates for the portions of internal costs (primarily personnel costs) deemed directly or indirectly related to such development activities. The internal costs are allocated to specific development properties based on construction activity. As the property becomes occupied, depreciation commences on the occupied portion of the building, and costs are capitalized only for the portion of the building that remains vacant. &#160;When the property becomes </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">80%</font><font style="font-family:inherit;font-size:10pt;"> occupied or </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;"> year after completion of the shell construction (whichever comes first), capitalization of development costs, including interest expense, property taxes and internal personnel costs, ceases. &#160;The properties are then transferred to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Real estate properties</font><font style="font-family:inherit;font-size:10pt;">, and depreciation commences on the entire property (excluding the land).</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Liabilities</font><font style="font-family:inherit;font-size:10pt;"> follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">June&#160;30, <br clear="none"/>2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">December&#160;31, <br clear="none"/>2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Security deposits&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13,072</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,803</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prepaid rent and other deferred income&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">9,028</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,971</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired below-market lease intangibles</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,371</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,657</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Accumulated amortization of below-market lease intangibles</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,444</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,380</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired below-market lease intangibles, net of accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,927</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,277</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,479</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,314</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prepaid tenant improvement reimbursements</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">31</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">212</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other liabilities&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">316</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Total Other Liabilities</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">27,853</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,593</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">USE OF ESTIMATES</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the reporting period and to disclose material contingent assets and liabilities at the date of the financial statements.&#160;&#160;Actual results could differ from those estimates.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ACCOUNTS PAYABLE AND ACCRUED EXPENSES</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounts Payable and Accrued Expenses</font><font style="font-family:inherit;font-size:10pt;"> follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">June&#160;30, <br clear="none"/>2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">December&#160;31, <br clear="none"/>2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property taxes payable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">15,688</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,216</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Development costs payable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">7,773</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,920</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest payable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,192</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends payable on unvested restricted stock&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,845</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,096</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other payables and accrued expenses&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,668</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,707</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Total Accounts Payable and Accrued Expenses</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">35,166</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,439</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIS OF PRESENTATION</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited financial statements of EastGroup Properties, Inc. (&#8220;EastGroup&#8221; or &#8220;the Company&#8221;) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to&#160;Form 10-Q and Rule 10-01 of Regulation S-X.&#160;&#160;Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.&#160;&#160;In management&#8217;s opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.&#160;&#160;The financial statements should be read in conjunction with the financial statements contained in the </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;"> annual report on Form 10-K and the notes thereto. Certain reclassifications have been made in the 2014 consolidated financial statements to conform to the 2015 presentation.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BUSINESS COMBINATIONS AND ACQUIRED INTANGIBLES</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Upon acquisition of real estate properties, the Company applies the principles of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 805, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations</font><font style="font-family:inherit;font-size:10pt;">, which requires that acquisition-related costs be recognized as expenses in the periods in which the costs are incurred and the services are received.&#160;&#160;The Codification also provides guidance on how to properly determine the allocation of the purchase price among the individual components of both the tangible and intangible assets based on their respective fair values.&#160;&#160;Goodwill is recorded when the purchase price exceeds the fair value of the assets and liabilities acquired.&#160;&#160;Factors considered by management in allocating the cost of the properties acquired include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases.&#160; The allocation to tangible assets (land, building and improvements) is based upon management's determination of the value of the property as if it were vacant using discounted cash flow models.&#160; The Company determines whether any financing assumed is above or below market based upon comparison to similar financing terms for similar properties.&#160;&#160;The cost of the properties acquired may be adjusted based on indebtedness assumed from the seller that is determined to be above or below market rates.&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The purchase price is also allocated among the following categories of intangible assets:&#160;&#160;the above or below market component of in-place leases, the value of in-place leases, and the value of customer relationships.&#160;&#160;The value allocable to the above or below market component of an acquired in-place lease is determined based upon the present value (using a discount rate reflecting the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be paid pursuant to the lease over its remaining term, and (ii) management&#8217;s estimate of the amounts that would be paid using fair market rates over the remaining term of the lease.&#160;&#160;The amounts allocated to above and below market leases are included in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Assets</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Liabilities</font><font style="font-family:inherit;font-size:10pt;">, respectively, on the Consolidated Balance Sheets and are amortized to rental income over the remaining terms of the respective leases.&#160;&#160;The total amount of intangible assets is further allocated to in-place lease values and customer relationship values based upon management&#8217;s assessment of their respective values.&#160;&#160;These intangible assets are included in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Assets</font><font style="font-family:inherit;font-size:10pt;"> on the Consolidated Balance Sheets and are amortized over the remaining term of the existing lease or the anticipated life of the customer relationship, as applicable.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization expense for in-place lease intangibles was $</font><font style="font-family:inherit;font-size:10pt;">1,041,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$2,185,000</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively, and </font><font style="font-family:inherit;font-size:10pt;">$1,121,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$2,333,000</font><font style="font-family:inherit;font-size:10pt;"> for the same periods in </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">. Amortization of above and below market leases increased rental income by $</font><font style="font-family:inherit;font-size:10pt;">110,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$232,000</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively, and </font><font style="font-family:inherit;font-size:10pt;">$89,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$176,000</font><font style="font-family:inherit;font-size:10pt;"> for the same periods in </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EastGroup did not acquire any operating properties during the six months ended June 30, 2015. During 2014, the Company acquired Ridge Creek Distribution Center III in Charlotte, North Carolina; Colorado Crossing Distribution Center in Austin, Texas; and Ramona Distribution Center in Chino, California. The Company purchased these properties for a total cost of </font><font style="font-family:inherit;font-size:10pt;">$51,652,000</font><font style="font-family:inherit;font-size:10pt;">, of which </font><font style="font-family:inherit;font-size:10pt;">$47,477,000</font><font style="font-family:inherit;font-size:10pt;"> was allocated to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Real estate properties</font><font style="font-family:inherit;font-size:10pt;">. The Company allocated </font><font style="font-family:inherit;font-size:10pt;">$10,822,000</font><font style="font-family:inherit;font-size:10pt;"> of the total purchase price to land using third party land valuations for the Charlotte, Austin and Chino markets. The market values are considered to be Level 3 inputs as defined by ASC 820, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurements and Disclosures</font><font style="font-family:inherit;font-size:10pt;"> (see Note 18 for additional information on ASC 820). Intangibles associated with the purchase of real estate were allocated as follows: </font><font style="font-family:inherit;font-size:10pt;">$5,074,000</font><font style="font-family:inherit;font-size:10pt;">&#160;to in-place lease intangibles, </font><font style="font-family:inherit;font-size:10pt;">$4,000</font><font style="font-family:inherit;font-size:10pt;"> to above market leases (both included in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Assets</font><font style="font-family:inherit;font-size:10pt;"> on the Consolidated Balance Sheets), and </font><font style="font-family:inherit;font-size:10pt;">$903,000</font><font style="font-family:inherit;font-size:10pt;"> to below market leases (included in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Liabilities</font><font style="font-family:inherit;font-size:10pt;"> on the Consolidated Balance Sheets). These costs are amortized over the remaining lives of the associated leases in place at the time of acquisition. The Company paid cash of </font><font style="font-family:inherit;font-size:10pt;">$48,805,000</font><font style="font-family:inherit;font-size:10pt;"> for the properties and intangibles acquired, assumed a mortgage of </font><font style="font-family:inherit;font-size:10pt;">$2,617,000</font><font style="font-family:inherit;font-size:10pt;"> and recorded a premium of </font><font style="font-family:inherit;font-size:10pt;">$230,000</font><font style="font-family:inherit;font-size:10pt;"> to adjust the mortgage loan assumed to fair value.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EastGroup did not have any acquisition-related costs for the three and six months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">; during the three and six months ended June 30, 2014, the Company expensed acquisition-related costs of $</font><font style="font-family:inherit;font-size:10pt;">160,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company periodically reviews the recoverability of goodwill (at least annually) and the recoverability of other intangibles (on a quarterly basis) for possible impairment.&#160;&#160;In management&#8217;s opinion, no impairment of goodwill or other intangibles existed at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Upon acquisition of real estate properties, the Company applies the principles of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 805, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations</font><font style="font-family:inherit;font-size:10pt;">, which requires that acquisition-related costs be recognized as expenses in the periods in which the costs are incurred and the services are received.&#160;&#160;The Codification also provides guidance on how to properly determine the allocation of the purchase price among the individual components of both the tangible and intangible assets based on their respective fair values.&#160;&#160;Goodwill is recorded when the purchase price exceeds the fair value of the assets and liabilities acquired.&#160;&#160;Factors considered by management in allocating the cost of the properties acquired include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases.&#160; The allocation to tangible assets (land, building and improvements) is based upon management's determination of the value of the property as if it were vacant using discounted cash flow models.&#160; The Company determines whether any financing assumed is above or below market based upon comparison to similar financing terms for similar properties.&#160;&#160;The cost of the properties acquired may be adjusted based on indebtedness assumed from the seller that is determined to be above or below market rates.&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The purchase price is also allocated among the following categories of intangible assets:&#160;&#160;the above or below market component of in-place leases, the value of in-place leases, and the value of customer relationships.&#160;&#160;The value allocable to the above or below market component of an acquired in-place lease is determined based upon the present value (using a discount rate reflecting the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be paid pursuant to the lease over its remaining term, and (ii) management&#8217;s estimate of the amounts that would be paid using fair market rates over the remaining term of the lease.&#160;&#160;The amounts allocated to above and below market leases are included in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Assets</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Liabilities</font><font style="font-family:inherit;font-size:10pt;">, respectively, on the Consolidated Balance Sheets and are amortized to rental income over the remaining terms of the respective leases.&#160;&#160;The total amount of intangible assets is further allocated to in-place lease values and customer relationship values based upon management&#8217;s assessment of their respective values.&#160;&#160;These intangible assets are included in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Assets</font><font style="font-family:inherit;font-size:10pt;"> on the Consolidated Balance Sheets and are amortized over the remaining term of the existing lease or the anticipated life of the customer relationship, as applicable.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">COMPREHENSIVE INCOME</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Total Comprehensive Income </font><font style="font-family:inherit;font-size:10pt;">is comprised of net income plus all other changes in equity from non-owner sources and is presented on the Consolidated Statements of Income and Comprehensive Income. The components of </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accumulated Other Comprehensive Income (Loss)</font><font style="font-family:inherit;font-size:10pt;"> are presented in the Company's Consolidated Statement of Changes in Equity and are summarized below. See Note 13 for information regarding the Company's interest rate swaps. </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.6328125%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td width="59%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="9%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Three Months Ended<br clear="none"/>June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Six Months Ended </font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):</font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(4,892</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">592</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(2,357</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,629</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Change in fair value of interest rate swaps</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,122</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,740</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">587</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,777</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of period</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,770</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,148</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,770</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,148</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RISKS AND UNCERTAINTIES</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The state of the overall economy can significantly impact the Company&#8217;s operational performance and thus impact its financial position.&#160;&#160;Should EastGroup experience a significant decline in operational performance, it may affect the Company&#8217;s ability to make distributions to its shareholders, service debt, or meet other financial obligations.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of EastGroup Properties, Inc., its wholly owned subsidiaries and its investment in any joint ventures in which the Company has a controlling interest.&#160;&#160;At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company had a controlling interest in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> joint ventures: the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">80%</font><font style="font-family:inherit;font-size:10pt;"> owned University Business Center and the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">80%</font><font style="font-family:inherit;font-size:10pt;"> owned Castilian Research Center.&#160;&#160;The Company records </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the joint ventures&#8217; assets, liabilities, revenues and expenses with noncontrolling interests provided for in accordance with the joint venture agreements.&#160;&#160;The equity method of accounting is used for the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50%</font><font style="font-family:inherit;font-size:10pt;"> undivided tenant-in-common interest in Industry Distribution Center II.&#160;&#160;All significant intercompany transactions and accounts have been eliminated in consolidation.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PRINCIPLES OF CONSOLIDATION</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of EastGroup Properties, Inc., its wholly owned subsidiaries and its investment in any joint ventures in which the Company has a controlling interest.&#160;&#160;At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company had a controlling interest in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> joint ventures: the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">80%</font><font style="font-family:inherit;font-size:10pt;"> owned University Business Center and the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">80%</font><font style="font-family:inherit;font-size:10pt;"> owned Castilian Research Center.&#160;&#160;The Company records </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the joint ventures&#8217; assets, liabilities, revenues and expenses with noncontrolling interests provided for in accordance with the joint venture agreements.&#160;&#160;The equity method of accounting is used for the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50%</font><font style="font-family:inherit;font-size:10pt;"> undivided tenant-in-common interest in Industry Distribution Center II.&#160;&#160;All significant intercompany transactions and accounts have been eliminated in consolidation.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Assets</font><font style="font-family:inherit;font-size:10pt;"> follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">June&#160;30, <br clear="none"/>2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">December&#160;31, <br clear="none"/>2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasing costs (principally commissions)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">56,784</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56,171</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated amortization of leasing costs&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(22,486</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,951</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasing costs (principally commissions), net of accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">34,298</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,220</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Straight-line rents receivable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">25,647</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,013</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Allowance for doubtful accounts on straight-line rents receivable</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(272</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(102</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Straight-line rents receivable, net of allowance for doubtful accounts</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">25,375</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,911</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,820</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,459</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Allowance for doubtful accounts on accounts receivable</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(310</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(379</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable, net of allowance for doubtful accounts</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,510</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,080</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired in-place lease intangibles&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">18,322</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,118</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated amortization of acquired in-place lease intangibles</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(8,734</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,345</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired in-place lease intangibles, net of accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">9,588</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,773</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired above market lease intangibles&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,444</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,575</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated amortization of acquired above market lease intangibles</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(686</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(699</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired above market lease intangibles, net of accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">758</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">876</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loan costs&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">8,140</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,166</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated amortization of loan costs&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(4,474</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,454</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loan costs, net of accumulated amortization&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,666</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,712</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mortgage loans receivable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,934</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,991</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,585</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">812</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Escrow deposits for 1031 exchange</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">698</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Receivable for development infrastructure cost reimbursements</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,020</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Goodwill&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">990</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">990</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prepaid expenses and other assets&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">5,888</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,446</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Other Assets</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">91,612</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">93,509</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risk, including interest rate, liquidity and credit risk primarily by managing the amount, sources and duration of its debt funding and, to a limited extent, the use of derivative instruments. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Specifically, the Company has entered into derivative instruments to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company's derivative instruments, described below, are used to manage differences in the amount, timing and duration of the Company's known or expected cash payments principally related to certain of the Company's borrowings. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's objective in using interest rate derivatives is to manage exposure to interest rate movements and add stability to interest expense. To accomplish this objective, the Company uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.&#160; </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company had </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> interest rate swaps outstanding, all of which are used to hedge the variable cash flows associated with unsecured loans. The Company executed an </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$80,000,000</font><font style="font-family:inherit;font-size:10pt;"> interest rate swap associated with an </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$80,000,000</font><font style="font-family:inherit;font-size:10pt;"> unsecured loan during the third quarter of 2012. During the third quarter of 2013, the Company entered into </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> forward starting interest rate swaps totaling </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$75,000,000</font><font style="font-family:inherit;font-size:10pt;"> which are hedging an unsecured loan which closed in December 2013. During the third quarter of 2014, the Company executed a </font><font style="font-family:inherit;font-size:10pt;">$75,000,000</font><font style="font-family:inherit;font-size:10pt;"> interest rate swap associated with a </font><font style="font-family:inherit;font-size:10pt;">$75,000,000</font><font style="font-family:inherit;font-size:10pt;"> unsecured loan. During the first quarter of 2015, EastGroup executed a </font><font style="font-family:inherit;font-size:10pt;">$75,000,000</font><font style="font-family:inherit;font-size:10pt;"> interest rate swap associated with a </font><font style="font-family:inherit;font-size:10pt;">$75,000,000</font><font style="font-family:inherit;font-size:10pt;"> unsecured loan. All of the aforementioned interest rate swaps convert the related loans' LIBOR rate components to fixed interest rates for the entire terms of the loans, and the Company has concluded that each of the hedging relationships is highly effective. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The effective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Comprehensive Income (Loss) </font><font style="font-family:inherit;font-size:10pt;">and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives, which is immaterial for the periods reported, is recognized directly in earnings (included in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other</font><font style="font-family:inherit;font-size:10pt;"> on the Consolidated Statements of Income and Comprehensive Income). </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reported in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Comprehensive Income (Loss) </font><font style="font-family:inherit;font-size:10pt;">related to derivatives will be reclassified to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest Expense</font><font style="font-family:inherit;font-size:10pt;"> as interest payments are made on the Company's variable-rate debt. The Company estimates that an additional </font><font style="font-family:inherit;font-size:10pt;">$3,810,000</font><font style="font-family:inherit;font-size:10pt;"> will be reclassified from </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Comprehensive Income (Loss) </font><font style="font-family:inherit;font-size:10pt;">as an increase to </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest Expense</font><font style="font-family:inherit;font-size:10pt;"> over the next twelve months.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's valuation methodology for over-the-counter (&#8220;OTC&#8221;) derivatives is to discount cash flows based on Overnight Index Swap (&#8220;OIS&#8221;) rates.&#160; Uncollateralized or partially-collateralized trades are discounted at OIS, but include appropriate economic adjustments for funding costs (i.e., a LIBOR-OIS basis adjustment to approximate uncollateralized cost of funds) and credit risk.&#160; As of January 15, 2015, the Company began calculating its derivative valuations using mid-market prices; prior to that date, the Company used bid-market prices. The change in valuation methodology is considered a change in accounting estimate and is the result of recent developments in the marketplace. Management has assessed the impact of the change for all periods presented and has deemed the impact to be immaterial.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td width="32%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="32%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="32%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Interest Rate Derivative</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Notional Amount as of June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Notional Amount as of December 31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swap</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$80,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$80,000</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$75,000</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$75,000</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swap</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$75,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$60,000</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$60,000</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swap</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$15,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$15,000</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">. See Note 18 for additional information on the fair value of the Company's interest rate swaps. </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td width="40%" rowspan="1" colspan="1"></td><td width="18%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="18%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Derivatives</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">As of June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Derivatives</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">As of December 31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Balance Sheet Location</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Balance Sheet Location</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives designated as cash flow hedges:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Interest rate swap assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,585</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">812</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Interest rate swap liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,479</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,314</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and 2014: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:680px;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td width="452px" rowspan="1" colspan="1"></td><td width="9px" rowspan="1" colspan="1"></td><td width="48px" rowspan="1" colspan="1"></td><td width="4px" rowspan="1" colspan="1"></td><td width="5px" rowspan="1" colspan="1"></td><td width="48px" rowspan="1" colspan="1"></td><td width="4px" rowspan="1" colspan="1"></td><td width="5px" rowspan="1" colspan="1"></td><td width="44px" rowspan="1" colspan="1"></td><td width="4px" rowspan="1" colspan="1"></td><td width="5px" rowspan="1" colspan="1"></td><td width="44px" rowspan="1" colspan="1"></td><td width="4px" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Three Months Ended<br clear="none"/>June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swaps:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-left:36px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Amount of income (loss) recognized in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Comprehensive Income (Loss) </font><font style="font-family:inherit;font-size:10pt;">on derivatives&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,006</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,321</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,462</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,922</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-left:36px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Amount of loss reclassified from </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accumulated Other Comprehensive Loss</font><font style="font-family:inherit;font-size:10pt;">&#160;into </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest Expense</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,116</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(581</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(2,049</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,145</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See Note 12 for additional information on the Company's </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accumulated Other Comprehensive Loss</font><font style="font-family:inherit;font-size:10pt;"> resulting from its interest rate swaps.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivative financial agreements expose the Company to credit risk in the event of non-performance by the counterparties under the terms of the interest rate hedge agreements. The Company believes it minimizes the credit risk by transacting with financial institutions the Company regards as credit-worthy. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has an agreement with its derivative counterparties containing a provision stating that the Company could be declared in default on its derivative obligations if the Company defaults on any of its indebtedness, including&#160;default where repayment&#160;of the indebtedness has not been accelerated by the lender.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, the fair value of derivatives in an asset position related to these agreements was </font><font style="font-family:inherit;font-size:10pt;">$1,585,000</font><font style="font-family:inherit;font-size:10pt;">, and the fair value of derivatives in a liability position related to these agreements was </font><font style="font-family:inherit;font-size:10pt;">$3,479,000</font><font style="font-family:inherit;font-size:10pt;">. If the Company breached any of the contractual provisions of the derivative contracts, it could be required to settle its obligation under the agreements at the swap termination value. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, the swap termination value of derivatives in an asset position was an asset in the amount of </font><font style="font-family:inherit;font-size:10pt;">$1,631,000</font><font style="font-family:inherit;font-size:10pt;">, and the swap termination value of derivatives in a liability position was a liability in the amount of </font><font style="font-family:inherit;font-size:10pt;">$3,517,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">STOCK-BASED COMPENSATION</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EastGroup applies the provisions of ASC 718, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation - Stock Compensation,</font><font style="font-family:inherit;font-size:10pt;"> to account for its stock-based compensation plans. ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the financial statements and that the cost be measured on the fair value of the equity or liability instruments issued.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock-based compensation cost for employees was </font><font style="font-family:inherit;font-size:10pt;">$1,839,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$4,180,000</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively, of which </font><font style="font-family:inherit;font-size:10pt;">$399,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$821,000</font><font style="font-family:inherit;font-size:10pt;"> were capitalized as part of the Company's development costs. For the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, stock-based compensation cost for employees was </font><font style="font-family:inherit;font-size:10pt;">$1,348,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$3,417,000</font><font style="font-family:inherit;font-size:10pt;">, respectively, of which </font><font style="font-family:inherit;font-size:10pt;">$321,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$832,000</font><font style="font-family:inherit;font-size:10pt;"> were capitalized as part of the Company&#8217;s development costs. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock-based compensation expense for directors was $</font><font style="font-family:inherit;font-size:10pt;">124,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$248,000</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively, and </font><font style="font-family:inherit;font-size:10pt;">$120,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$239,000</font><font style="font-family:inherit;font-size:10pt;"> for the same periods of 2014.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the second quarter of 2015, the Company&#8217;s Board of Directors approved an equity compensation plan for its executive officers based upon certain annual performance measures (primarily funds from operations (FFO) per share and total shareholder return).&#160;&#160;Any shares issued pursuant to this compensation plan will be determined by the Compensation Committee in its discretion and issued in the first quarter of 2016.&#160;&#160;The number of shares to be issued on the grant date could range from </font><font style="font-family:inherit;font-size:10pt;">zero</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">49,366</font><font style="font-family:inherit;font-size:10pt;">.&#160;&#160;These shares will vest </font><font style="font-family:inherit;font-size:10pt;">20%</font><font style="font-family:inherit;font-size:10pt;"> on the date shares are determined and awarded and generally will vest </font><font style="font-family:inherit;font-size:10pt;">20%</font><font style="font-family:inherit;font-size:10pt;"> per year on each January 1 for the subsequent four years.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Also in the second quarter of 2015, EastGroup&#8217;s Board of Directors approved a long-term equity compensation plan for the Company&#8217;s executive officers. The awards will be based on the results of the Company's total shareholder return, both on an absolute basis for 2015 as well as on a relative basis compared to the NAREIT Equity Index, NAREIT Industrial Index and Russell 2000 Index over the five-year period ending December 31, 2015. Any shares issued pursuant to this equity compensation plan will be determined by the Compensation Committee in its discretion and issued in the first quarter of 2016.&#160;&#160;The number of shares to be issued on the grant date could range from </font><font style="font-family:inherit;font-size:10pt;">zero</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">51,432</font><font style="font-family:inherit;font-size:10pt;">.&#160;&#160;These shares will vest </font><font style="font-family:inherit;font-size:10pt;">25%</font><font style="font-family:inherit;font-size:10pt;">&#160;on the date shares are determined and awarded and generally will vest </font><font style="font-family:inherit;font-size:10pt;">25%</font><font style="font-family:inherit;font-size:10pt;"> per year&#160;on each January 1 for the subsequent three years.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the second quarter of 2015, </font><font style="font-family:inherit;font-size:10pt;">23,525</font><font style="font-family:inherit;font-size:10pt;"> shares were granted to certain non-executive officers subject only to continued service as of the vesting date. These shares, which have a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$60.89</font><font style="font-family:inherit;font-size:10pt;"> per share, will vest </font><font style="font-family:inherit;font-size:10pt;">20%</font><font style="font-family:inherit;font-size:10pt;"> per year on January 1 in years 2016, 2017, 2018, 2019 and 2020.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Notwithstanding the foregoing, shares issued to the Company&#8217;s Chief Executive Officer, David H. Hoster II, and Chief Financial Officer, N. Keith McKey, will become fully vested no later than January 1, 2016 and April 6, 2016, respectively.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Following is a summary of the total restricted shares granted, forfeited and delivered (vested) to participants with the related weighted average grant date fair value share prices.&#160;&#160;Of the shares that vested in the first </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> months of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, the Company withheld </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">32,409</font><font style="font-family:inherit;font-size:10pt;"> shares to satisfy the tax obligations for those participants who elected this option as permitted under the applicable equity plan.&#160;&#160;As of the vesting date, the fair value of shares that vested during the first </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> months of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$6,664,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="14" rowspan="1"></td></tr><tr><td width="49%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Award Activity:</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">June&#160;30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">June&#160;30, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Weighted Average Grant Date Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">&#160;</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">&#160;</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Weighted Average Grant Date Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unvested at beginning of period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">237,485</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51.88</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">266,223</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49.81</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,525</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60.89</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,622</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61.07</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(105,835</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.40</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unvested at end of period&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">261,010</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52.69</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">261,010</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52.69</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company considers a real estate property to be held for sale when it meets the criteria established under ASC 360, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Property, Plant and Equipment,</font><font style="font-family:inherit;font-size:10pt;"> including when it is probable that the property will be sold within a year.&#160;&#160;Real estate properties held for sale are reported at the lower of the carrying amount or fair value less estimated costs to sell and are not depreciated while they are held for sale.&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2014, the FASB issued Accounting Standards Update (ASU) 2014-08, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, </font><font style="font-family:inherit;font-size:10pt;">which amended the requirements for reporting discontinued operations. Under ASU 2014-08, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale or when the component or group of components is disposed of by sale or other than by sale. In addition, this ASU requires additional disclosures about both discontinued operations and the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation in the financial statements. The Company adopted the provisions of ASU 2014-08 as of January 1, 2014, and has applied the provisions prospectively. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EastGroup sold a small parcel of land in New Orleans during the first quarter of 2015 for gross proceeds of </font><font style="font-family:inherit;font-size:10pt;">$170,000</font><font style="font-family:inherit;font-size:10pt;"> and recognized a gain of </font><font style="font-family:inherit;font-size:10pt;">$123,000</font><font style="font-family:inherit;font-size:10pt;">. During the second quarter of 2015, EastGroup sold </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> operating property, the last of its three Ambassador Row Warehouses containing </font><font style="font-family:inherit;font-size:10pt;">185,000</font><font style="font-family:inherit;font-size:10pt;"> square feet, for </font><font style="font-family:inherit;font-size:10pt;">$5,250,000</font><font style="font-family:inherit;font-size:10pt;"> and recognized a gain of </font><font style="font-family:inherit;font-size:10pt;">$2,903,000</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During 2014, EastGroup sold </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> operating properties (</font><font style="font-family:inherit;font-size:10pt;">442,000</font><font style="font-family:inherit;font-size:10pt;"> square feet) for </font><font style="font-family:inherit;font-size:10pt;">$21,381,000</font><font style="font-family:inherit;font-size:10pt;"> and recognized gains of </font><font style="font-family:inherit;font-size:10pt;">$9,188,000</font><font style="font-family:inherit;font-size:10pt;">. In addition, the Company sold a small parcel of land in Orlando for </font><font style="font-family:inherit;font-size:10pt;">$141,000</font><font style="font-family:inherit;font-size:10pt;"> and recognized a gain of </font><font style="font-family:inherit;font-size:10pt;">$98,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The results of operations and gains on sales for the properties sold or held for sale during the periods presented are reported in continuing operations on the Consolidated Statements of Income and Comprehensive Income. The gains on the sales of land are included in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other</font><font style="font-family:inherit;font-size:10pt;">, and the gains on the sales of operating properties are included in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Gains on sales of real estate investments</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">REAL ESTATE HELD FOR SALE/DISCONTINUED OPERATIONS</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company considers a real estate property to be held for sale when it meets the criteria established under ASC 360, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Property, Plant and Equipment,</font><font style="font-family:inherit;font-size:10pt;"> including when it is probable that the property will be sold within a year.&#160;&#160;Real estate properties held for sale are reported at the lower of the carrying amount or fair value less estimated costs to sell and are not depreciated while they are held for sale.&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2014, the FASB issued Accounting Standards Update (ASU) 2014-08, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, </font><font style="font-family:inherit;font-size:10pt;">which amended the requirements for reporting discontinued operations. Under ASU 2014-08, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale or when the component or group of components is disposed of by sale or other than by sale. In addition, this ASU requires additional disclosures about both discontinued operations and the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation in the financial statements. The Company adopted the provisions of ASU 2014-08 as of January 1, 2014, and has applied the provisions prospectively. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EastGroup sold a small parcel of land in New Orleans during the first quarter of 2015 for gross proceeds of </font><font style="font-family:inherit;font-size:10pt;">$170,000</font><font style="font-family:inherit;font-size:10pt;"> and recognized a gain of </font><font style="font-family:inherit;font-size:10pt;">$123,000</font><font style="font-family:inherit;font-size:10pt;">. During the second quarter of 2015, EastGroup sold </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> operating property, the last of its three Ambassador Row Warehouses containing </font><font style="font-family:inherit;font-size:10pt;">185,000</font><font style="font-family:inherit;font-size:10pt;"> square feet, for </font><font style="font-family:inherit;font-size:10pt;">$5,250,000</font><font style="font-family:inherit;font-size:10pt;"> and recognized a gain of </font><font style="font-family:inherit;font-size:10pt;">$2,903,000</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During 2014, EastGroup sold </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> operating properties (</font><font style="font-family:inherit;font-size:10pt;">442,000</font><font style="font-family:inherit;font-size:10pt;"> square feet) for </font><font style="font-family:inherit;font-size:10pt;">$21,381,000</font><font style="font-family:inherit;font-size:10pt;"> and recognized gains of </font><font style="font-family:inherit;font-size:10pt;">$9,188,000</font><font style="font-family:inherit;font-size:10pt;">. In addition, the Company sold a small parcel of land in Orlando for </font><font style="font-family:inherit;font-size:10pt;">$141,000</font><font style="font-family:inherit;font-size:10pt;"> and recognized a gain of </font><font style="font-family:inherit;font-size:10pt;">$98,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The results of operations and gains on sales for the properties sold or held for sale during the periods presented are reported in continuing operations on the Consolidated Statements of Income and Comprehensive Income. The gains on the sales of land are included in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other</font><font style="font-family:inherit;font-size:10pt;">, and the gains on the sales of operating properties are included in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Gains on sales of real estate investments</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EARNINGS PER SHARE</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company applies ASC 260, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Earnings Per Share</font><font style="font-family:inherit;font-size:10pt;">, which requires companies to present basic and diluted earnings per share (EPS).&#160;&#160;Basic EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period.&#160;&#160;The Company&#8217;s basic EPS is calculated by dividing</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Net Income Attributable to EastGroup Properties, Inc. Common Stockholders </font><font style="font-family:inherit;font-size:10pt;">by the weighted average number of common shares outstanding. The weighted average number of common shares outstanding does not include any potentially dilutive securities or any unvested restricted shares of common stock. These unvested restricted shares, although classified as issued and outstanding, are considered forfeitable until the restrictions lapse and will not be included in the basic EPS calculation until the shares are vested.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period and to each share that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during the reporting period.&#160;&#160;The Company calculates diluted EPS by dividing </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Net Income Attributable to EastGroup Properties, Inc. Common Stockholders</font><font style="font-family:inherit;font-size:10pt;"> by the weighted average number of common shares outstanding plus the dilutive effect of unvested restricted stock.&#160;&#160;The dilutive effect of unvested restricted stock is determined using the treasury stock method.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reconciliation of the numerators and denominators in the basic and diluted EPS computations is as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td width="61%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="7%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIC EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Numerator &#8211; net income attributable to common stockholders&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">14,533</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,118</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">24,463</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,490</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Denominator &#8211; weighted average shares outstanding&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,045</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,137</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,039</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,972</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Numerator &#8211; net income attributable to common stockholders&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">14,533</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,118</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">24,463</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,490</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Weighted average shares outstanding&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,045</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,137</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,039</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,972</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Unvested restricted stock&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">94</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">107</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">82</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160; Total Shares&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,139</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,244</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,121</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,063</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table presents the carrying amounts and estimated fair values of the Company&#8217;s financial instruments in accordance with&#160;ASC 820</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td width="43%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">June&#160;30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">December&#160;31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Carrying Amount </font><font style="font-family:inherit;font-size:8pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Carrying Amount </font><font style="font-family:inherit;font-size:8pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Assets:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Cash held in escrow for 1031 exchange</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">698</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">698</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Mortgage loans receivable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,934</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,978</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,991</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,055</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Interest rate swap assets&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,585</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,585</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">812</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">812</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Liabilities:</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Secured debt</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">385,714</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">405,240</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">453,776</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">478,659</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unsecured debt</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">455,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">428,493</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">380,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">364,295</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Unsecured bank credit facilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">133,328</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">133,688</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99,401</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99,638</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Interest rate swap liabilities&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,479</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,479</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,314</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,314</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-18px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">(1) Carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions, except as explained in the notes below.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FAIR VALUE OF FINANCIAL INSTRUMENTS</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ASC 820, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurements and Disclosures,</font><font style="font-family:inherit;font-size:10pt;"> defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.&#160;&#160;ASC 820 also provides guidance for using fair value to measure financial assets and liabilities.&#160;&#160;The Codification requires disclosure of the level within the fair value hierarchy in which the fair value measurements fall, including measurements using quoted prices in active markets for identical assets or liabilities (Level 1), quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active (Level 2), and significant valuation assumptions that are not readily observable in the market (Level 3).</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table presents the carrying amounts and estimated fair values of the Company&#8217;s financial instruments in accordance with&#160;ASC 820</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td width="43%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">June&#160;30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">December&#160;31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Carrying Amount </font><font style="font-family:inherit;font-size:8pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Carrying Amount </font><font style="font-family:inherit;font-size:8pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Assets:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Cash held in escrow for 1031 exchange</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">698</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">698</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Mortgage loans receivable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,934</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,978</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,991</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,055</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Interest rate swap assets&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,585</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,585</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">812</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">812</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Liabilities:</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Secured debt</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">385,714</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">405,240</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">453,776</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">478,659</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unsecured debt</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">455,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">428,493</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">380,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">364,295</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Unsecured bank credit facilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">133,328</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">133,688</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99,401</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99,638</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Interest rate swap liabilities&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,479</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,479</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,314</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,314</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-18px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">(1) Carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions, except as explained in the notes below.</font></div><div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-18px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following methods and assumptions were used to estimate the fair value of each class of financial instruments:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Cash and cash equivalents:</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;The carrying amounts approximate fair value due to the short maturity of those instruments.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Cash held in escrow for 1031 exchange (included in Other Assets on the Consolidated Balance Sheets):</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;The carrying amounts approximate fair value due to the short maturity of those instruments.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Mortgage loans receivable (included in Other Assets on the Consolidated Balance Sheets):</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;The fair value is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities (Level 2 input).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Interest rate swap assets (included in Other Assets on the Consolidated Balance Sheets): </font><font style="font-family:inherit;font-size:10pt;">The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Secured debt:</font><font style="font-family:inherit;font-size:10pt;"> The fair value of the Company&#8217;s secured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company&#8217;s bankers (Level 2 input).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Unsecured debt:&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">The fair value of the Company&#8217;s unsecured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company&#8217;s bankers (Level 2 input).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Unsecured bank credit facilities:</font><font style="font-family:inherit;font-size:10pt;"> The fair value of the Company&#8217;s unsecured bank credit facilities is estimated by discounting expected cash flows at current market rates (Level 2 input).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Interest rate swap liabilities (included in Other Liabilities on the Consolidated Balance Sheets): </font><font style="font-family:inherit;font-size:10pt;">The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DEBT</font></div><div style="line-height:120%;text-align:left;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Secured Debt</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">decreased</font><font style="font-family:inherit;font-size:10pt;"> $</font><font style="font-family:inherit;font-size:10pt;">68,062,000</font><font style="font-family:inherit;font-size:10pt;"> during the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">.&#160;&#160;The </font><font style="font-family:inherit;font-size:10pt;">decrease</font><font style="font-family:inherit;font-size:10pt;"> primarily resulted from the repayment of a mortgage loan with a balance of </font><font style="font-family:inherit;font-size:10pt;">$57,450,000</font><font style="font-family:inherit;font-size:10pt;">, regularly scheduled principal payments of </font><font style="font-family:inherit;font-size:10pt;">$10,592,000</font><font style="font-family:inherit;font-size:10pt;"> and mortgage loan premium amortization of </font><font style="font-family:inherit;font-size:10pt;">$20,000</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unsecured Debt </font><font style="font-family:inherit;font-size:10pt;">increased</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">$75,000,000</font><font style="font-family:inherit;font-size:10pt;"> during the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> as a result of the closing of a </font><font style="font-family:inherit;font-size:10pt;">$75 million</font><font style="font-family:inherit;font-size:10pt;"> unsecured term loan in March 2015. The loan has a </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;">-year term and requires interest only payments. It bears interest at the annual rate of LIBOR plus an applicable margin (currently </font><font style="font-family:inherit;font-size:10pt;">1.4%</font><font style="font-family:inherit;font-size:10pt;">) based on the Company's senior unsecured long-term debt rating. The Company also entered into an interest rate swap agreement to convert the loan's LIBOR rate component to a fixed interest rate for the entire term of the loan providing a total effective fixed interest rate of </font><font style="font-family:inherit;font-size:10pt;">3.031%</font><font style="font-family:inherit;font-size:10pt;">. See note 13 for additional information on the Company's interest rate swaps. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unsecured Bank Credit Facilities</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">increased</font><font style="font-family:inherit;font-size:10pt;"> $</font><font style="font-family:inherit;font-size:10pt;">33,927,000</font><font style="font-family:inherit;font-size:10pt;"> during the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Principal payments on long-term debt, including </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Secured Debt</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unsecured Debt</font><font style="font-family:inherit;font-size:10pt;"> (not including </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unsecured Bank Credit Facilities</font><font style="font-family:inherit;font-size:10pt;">), as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> are as follows:&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td width="86%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Years Ending December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Remainder of 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,312</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,808</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141,316</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">130,568</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020 and beyond</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">383,471</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OTHER ASSETS</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Assets</font><font style="font-family:inherit;font-size:10pt;"> follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">June&#160;30, <br clear="none"/>2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">December&#160;31, <br clear="none"/>2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasing costs (principally commissions)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">56,784</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56,171</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated amortization of leasing costs&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(22,486</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22,951</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasing costs (principally commissions), net of accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">34,298</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,220</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Straight-line rents receivable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">25,647</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,013</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Allowance for doubtful accounts on straight-line rents receivable</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(272</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(102</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Straight-line rents receivable, net of allowance for doubtful accounts</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">25,375</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24,911</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,820</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,459</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Allowance for doubtful accounts on accounts receivable</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(310</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(379</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable, net of allowance for doubtful accounts</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,510</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,080</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired in-place lease intangibles&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">18,322</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,118</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated amortization of acquired in-place lease intangibles</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(8,734</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,345</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired in-place lease intangibles, net of accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">9,588</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,773</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired above market lease intangibles&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,444</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,575</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated amortization of acquired above market lease intangibles</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(686</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(699</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired above market lease intangibles, net of accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">758</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">876</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loan costs&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">8,140</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,166</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated amortization of loan costs&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(4,474</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,454</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loan costs, net of accumulated amortization&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,666</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,712</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mortgage loans receivable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,934</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,991</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,585</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">812</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Escrow deposits for 1031 exchange</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">698</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Receivable for development infrastructure cost reimbursements</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,020</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Goodwill&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">990</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">990</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prepaid expenses and other assets&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">5,888</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,446</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Other Assets</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">91,612</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">93,509</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OTHER LIABILITIES</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Liabilities</font><font style="font-family:inherit;font-size:10pt;"> follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">June&#160;30, <br clear="none"/>2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">December&#160;31, <br clear="none"/>2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Security deposits&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13,072</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,803</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prepaid rent and other deferred income&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">9,028</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,971</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired below-market lease intangibles</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,371</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,657</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Accumulated amortization of below-market lease intangibles</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,444</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,380</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquired below-market lease intangibles, net of accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,927</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,277</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swap liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,479</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,314</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prepaid tenant improvement reimbursements</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">31</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">212</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other liabilities&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">316</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Total Other Liabilities</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">27,853</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,593</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">REAL ESTATE PROPERTIES</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EastGroup has one reportable segment &#8211; industrial properties.&#160;&#160;These properties are concentrated in major Sunbelt markets of the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina, have similar economic characteristics and also meet the other criteria permitting the properties to be aggregated into one reportable segment.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.&#160;&#160;Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows (including estimated future expenditures necessary to substantially complete the asset) expected to be generated by the asset.&#160;&#160;If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset.&#160;&#160;As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company determined that no impairment charges on the Company&#8217;s real estate properties were necessary.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation of buildings and other improvements is computed using the straight-line method over estimated useful lives of generally </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">40</font><font style="font-family:inherit;font-size:10pt;"> years for buildings and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">3</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">15</font><font style="font-family:inherit;font-size:10pt;"> years for improvements.&#160;&#160;Building improvements are capitalized, while maintenance and repair expenses are charged to expense as incurred.&#160;&#160;Significant renovations and improvements that improve or extend the useful life of the assets are capitalized.&#160;&#160;Depreciation expense was $</font><font style="font-family:inherit;font-size:10pt;">14,720,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$29,558,000</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, respectively, and </font><font style="font-family:inherit;font-size:10pt;">$14,094,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$28,067,000</font><font style="font-family:inherit;font-size:10pt;"> for the same periods in 2014.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s real estate properties and development at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;"> were as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">June&#160;30, <br clear="none"/>2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">December&#160;31, <br clear="none"/>2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Real estate properties:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Land&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">286,708</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">283,116</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Buildings and building improvements&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,311,445</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,284,961</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Tenant and other improvements&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">334,808</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">326,896</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Development&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">198,143</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">179,973</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,131,104</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,074,946</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Less accumulated depreciation&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(627,336</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(600,526</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,503,768</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,474,420</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the Company&#8217;s </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounts Payable and Accrued Expenses</font><font style="font-family:inherit;font-size:10pt;"> follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">June&#160;30, <br clear="none"/>2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">December&#160;31, <br clear="none"/>2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property taxes payable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">15,688</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,216</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Development costs payable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">7,773</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,920</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest payable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,192</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends payable on unvested restricted stock&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,845</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,096</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other payables and accrued expenses&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,668</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,707</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;Total Accounts Payable and Accrued Expenses</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">35,166</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,439</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The components of </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accumulated Other Comprehensive Income (Loss)</font><font style="font-family:inherit;font-size:10pt;"> are presented in the Company's Consolidated Statement of Changes in Equity and are summarized below. See Note 13 for information regarding the Company's interest rate swaps. </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.6328125%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td width="59%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="9%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Three Months Ended<br clear="none"/>June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Six Months Ended </font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):</font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(4,892</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">592</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(2,357</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,629</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Change in fair value of interest rate swaps</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,122</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,740</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">587</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,777</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of period</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,770</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,148</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,770</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,148</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and 2014: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:680px;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td width="452px" rowspan="1" colspan="1"></td><td width="9px" rowspan="1" colspan="1"></td><td width="48px" rowspan="1" colspan="1"></td><td width="4px" rowspan="1" colspan="1"></td><td width="5px" rowspan="1" colspan="1"></td><td width="48px" rowspan="1" colspan="1"></td><td width="4px" rowspan="1" colspan="1"></td><td width="5px" rowspan="1" colspan="1"></td><td width="44px" rowspan="1" colspan="1"></td><td width="4px" rowspan="1" colspan="1"></td><td width="5px" rowspan="1" colspan="1"></td><td width="44px" rowspan="1" colspan="1"></td><td width="4px" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Three Months Ended<br clear="none"/>June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swaps:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-left:36px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Amount of income (loss) recognized in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Comprehensive Income (Loss) </font><font style="font-family:inherit;font-size:10pt;">on derivatives&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,006</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,321</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,462</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,922</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="padding-left:36px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Amount of loss reclassified from </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accumulated Other Comprehensive Loss</font><font style="font-family:inherit;font-size:10pt;">&#160;into </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest Expense</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,116</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(581</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(2,049</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,145</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">. See Note 18 for additional information on the fair value of the Company's interest rate swaps. </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td width="40%" rowspan="1" colspan="1"></td><td width="18%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="18%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Derivatives</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">As of June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Derivatives</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">As of December 31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Balance Sheet Location</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Balance Sheet Location</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives designated as cash flow hedges:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Interest rate swap assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,585</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">812</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Interest rate swap liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,479</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other Liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,314</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td width="32%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="32%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="32%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Interest Rate Derivative</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Notional Amount as of June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Notional Amount as of December 31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swap</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$80,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$80,000</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$75,000</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$75,000</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swap</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$75,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$60,000</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$60,000</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest Rate Swap</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$15,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$15,000</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reconciliation of the numerators and denominators in the basic and diluted EPS computations is as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13" rowspan="1"></td></tr><tr><td width="61%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="7%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIC EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Numerator &#8211; net income attributable to common stockholders&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">14,533</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,118</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">24,463</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,490</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Denominator &#8211; weighted average shares outstanding&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,045</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,137</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,039</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,972</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Numerator &#8211; net income attributable to common stockholders&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">14,533</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,118</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">24,463</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,490</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Weighted average shares outstanding&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,045</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,137</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,039</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,972</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Unvested restricted stock&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">94</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">107</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">82</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160; Total Shares&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,139</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,244</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,121</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,063</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Principal payments on long-term debt, including </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Secured Debt</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unsecured Debt</font><font style="font-family:inherit;font-size:10pt;"> (not including </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unsecured Bank Credit Facilities</font><font style="font-family:inherit;font-size:10pt;">), as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> are as follows:&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td width="86%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Years Ending December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Remainder of 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,312</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">92,808</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141,316</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">130,568</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020 and beyond</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">383,471</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RECENT ACCOUNTING PRONOUNCEMENTS</font></div><div style="line-height:120%;text-align:justify;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EastGroup has evaluated all ASUs recently released by the FASB through the date the financial statements were issued and determined that ASU 2014-09 and ASU 2015-03 apply to the Company.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers, </font><font style="font-family:inherit;font-size:10pt;">which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2018. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Presentation of Debt Issuance Costs, </font><font style="font-family:inherit;font-size:10pt;">which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. For public business entities, the ASU is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Entities should apply the new guidance on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. Upon transition, entities are required to comply with the applicable disclosures for a change in an accounting principle. EastGroup plans to adopt ASU 2015-03 effective January 1, 2016; as such, the Company plans to present debt issuance costs as a direct deduction from the carrying amounts of its debt liabilities and to provide all necessary disclosures beginning with the Form 10-Q for the period ended March 31, 2016.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s real estate properties and development at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;"> were as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">June&#160;30, <br clear="none"/>2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">December&#160;31, <br clear="none"/>2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Real estate properties:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Land&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">286,708</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">283,116</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Buildings and building improvements&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,311,445</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,284,961</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Tenant and other improvements&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">334,808</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">326,896</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Development&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">198,143</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">179,973</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,131,104</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,074,946</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Less accumulated depreciation&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(627,336</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(600,526</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,503,768</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,474,420</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Following is a summary of the total restricted shares granted, forfeited and delivered (vested) to participants with the related weighted average grant date fair value share prices.&#160;&#160;Of the shares that vested in the first </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> months of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, the Company withheld </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">32,409</font><font style="font-family:inherit;font-size:10pt;"> shares to satisfy the tax obligations for those participants who elected this option as permitted under the applicable equity plan.&#160;&#160;As of the vesting date, the fair value of shares that vested during the first </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> months of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$6,664,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="14" rowspan="1"></td></tr><tr><td width="49%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Award Activity:</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">June&#160;30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">June&#160;30, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Weighted Average Grant Date Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">&#160;</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">&#160;</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Weighted Average Grant Date Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unvested at beginning of period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">237,485</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51.88</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">266,223</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49.81</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,525</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60.89</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100,622</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61.07</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(105,835</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.40</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unvested at end of period&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">261,010</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52.69</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">261,010</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52.69</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUBSEQUENT EVENTS</font></div><div style="line-height:120%;text-align:left;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EastGroup's current </font><font style="font-family:inherit;font-size:10pt;">$225 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$25 million</font><font style="font-family:inherit;font-size:10pt;"> unsecured bank credit facilities have margins over LIBOR of </font><font style="font-family:inherit;font-size:10pt;">117.5</font><font style="font-family:inherit;font-size:10pt;"> basis points, facility fees of </font><font style="font-family:inherit;font-size:10pt;">22.5</font><font style="font-family:inherit;font-size:10pt;"> basis points and maturity dates of </font><font style="font-family:inherit;font-size:10pt;">January&#160;5, 2017</font><font style="font-family:inherit;font-size:10pt;">. The Company has negotiated terms to amend the credit facilities and expects to close on the amended agreements by the end of July. The amended agreements expand the current facilities to </font><font style="font-family:inherit;font-size:10pt;">$300 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$35 million</font><font style="font-family:inherit;font-size:10pt;">, reduce the margins to </font><font style="font-family:inherit;font-size:10pt;">100</font><font style="font-family:inherit;font-size:10pt;"> basis points and the facility fees to </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;"> basis points, and extend the maturity dates to </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> years from closing. The amended $300 million agreement contains an option for a </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year extension (at the Company's election) and a </font><font style="font-family:inherit;font-size:10pt;">$150 million</font><font style="font-family:inherit;font-size:10pt;"> expansion (with agreement by both parties). The $35 million agreement contains a provision that the credit facility would automatically be extended for </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> year if the extension option in the $300 million facility is exercised. The transaction is expected to close by the end of July 2015, subject to due diligence and completion of final documentation.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EastGroup has also entered into an agreement in principle with </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> insurance companies under which the Company plans to issue </font><font style="font-family:inherit;font-size:10pt;">$75 million</font><font style="font-family:inherit;font-size:10pt;"> of senior unsecured private placement notes which are expected to close in October. The </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;">-year notes will have a weighted average interest rate of </font><font style="font-family:inherit;font-size:10pt;">3.98%</font><font style="font-family:inherit;font-size:10pt;"> with semi-annual interest payments. The notes will not be and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The transaction is expected to close in October 2015, and the issuance of the notes in this private placement is subject to due diligence and completion of final documentation.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the reporting period and to disclose material contingent assets and liabilities at the date of the financial statements.&#160;&#160;Actual results could differ from those estimates.</font></div></div> EX-101.SCH 7 egp-20150630.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2109100 - Disclosure - ACCOUNTS PAYABLE AND ACCRUED EXPENSES link:presentationLink link:calculationLink link:definitionLink 2409402 - Disclosure - ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) link:presentationLink link:calculationLink link:definitionLink 2309301 - Disclosure - ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - BASIS OF PRESENTATION link:presentationLink link:calculationLink link:definitionLink 2105100 - Disclosure - BUSINESS COMBINATIONS AND ACQUIRED INTANGIBLES link:presentationLink link:calculationLink link:definitionLink 2405401 - Disclosure - BUSINESS COMBINATIONS AND ACQUIRED INTANGIBLES (Details) link:presentationLink link:calculationLink link:definitionLink 2111100 - Disclosure - COMPREHENSIVE INCOME link:presentationLink link:calculationLink link:definitionLink 2411402 - Disclosure - COMPREHENSIVE INCOME (Details) link:presentationLink link:calculationLink link:definitionLink 2311301 - Disclosure - COMPREHENSIVE INCOME (Tables) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - CONSOLIDATED BALANCE SHEETS - Unaudited link:presentationLink link:calculationLink link:definitionLink 1001501 - Statement - CONSOLIDATED BALANCE SHEETS - Unaudited (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited link:presentationLink link:calculationLink link:definitionLink 1004501 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited link:presentationLink link:calculationLink link:definitionLink 1003501 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - DEBT link:presentationLink link:calculationLink link:definitionLink 2408402 - Disclosure - DEBT (Details) link:presentationLink link:calculationLink link:definitionLink 2308301 - Disclosure - DEBT (Tables) link:presentationLink link:calculationLink link:definitionLink 2112100 - Disclosure - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES link:presentationLink link:calculationLink link:definitionLink 2412402 - Disclosure - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) link:presentationLink link:calculationLink link:definitionLink 2312301 - Disclosure - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) link:presentationLink link:calculationLink link:definitionLink 2104100 - Disclosure - DEVELOPMENT link:presentationLink link:calculationLink link:definitionLink 2404401 - Disclosure - DEVELOPMENT (Details) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - EARNINGS PER SHARE link:presentationLink link:calculationLink link:definitionLink 2413402 - Disclosure - EARNINGS PER SHARE (Details) link:presentationLink link:calculationLink link:definitionLink 2313301 - Disclosure - EARNINGS PER SHARE (Tables) link:presentationLink link:calculationLink link:definitionLink 2117100 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS link:presentationLink link:calculationLink link:definitionLink 2417402 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) link:presentationLink link:calculationLink link:definitionLink 2317301 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - OTHER ASSETS link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - OTHER ASSETS (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - OTHER ASSETS (Tables) link:presentationLink link:calculationLink link:definitionLink 2110100 - Disclosure - OTHER LIABILITIES link:presentationLink link:calculationLink link:definitionLink 2410402 - Disclosure - OTHER LIABILITIES (Details) link:presentationLink link:calculationLink link:definitionLink 2310301 - Disclosure - OTHER LIABILITIES (Tables) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - PRINCIPLES OF CONSOLIDATION link:presentationLink link:calculationLink link:definitionLink 2401402 - Disclosure - PRINCIPLES OF CONSOLIDATION (Details) link:presentationLink link:calculationLink link:definitionLink 2106100 - Disclosure - REAL ESTATE HELD FOR SALE DISCONTINUED OPERATIONS link:presentationLink link:calculationLink link:definitionLink 2406401 - Disclosure - REAL ESTATE HELD FOR SALE DISCONTINUED OPERATIONS (Details) link:presentationLink link:calculationLink link:definitionLink 2103100 - Disclosure - REAL ESTATE PROPERTIES link:presentationLink link:calculationLink link:definitionLink 2403402 - Disclosure - REAL ESTATE PROPERTIES (Details) link:presentationLink link:calculationLink link:definitionLink 2303301 - Disclosure - REAL ESTATE PROPERTIES (Tables) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - RECENT ACCOUNTING PRONOUNCEMENTS link:presentationLink link:calculationLink link:definitionLink 2115100 - Disclosure - RISKS AND UNCERTAINTIES link:presentationLink link:calculationLink link:definitionLink 2201201 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 2114100 - Disclosure - STOCK-BASED COMPENSATION link:presentationLink link:calculationLink link:definitionLink 2414402 - Disclosure - STOCK-BASED COMPENSATION (Details) link:presentationLink link:calculationLink link:definitionLink 2314301 - Disclosure - STOCK-BASED COMPENSATION (Tables) link:presentationLink link:calculationLink link:definitionLink 2118100 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 2418401 - Disclosure - SUBSEQUENT EVENTS (Details) link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - USE OF ESTIMATES link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 egp-20150630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 9 egp-20150630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 10 egp-20150630_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract] DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract] Schedule of Derivative Instruments [Table Text Block] Schedule of Derivative Instruments [Table Text Block] Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] Derivative Instruments, Gain (Loss) [Table Text Block] COMPREHENSIVE INCOME [Abstract] COMPREHENSIVE INCOME [Abstract] Balance at Beginning of Period, Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss), Net of Tax Net unrealized change in fair value of interest rate swaps Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax Balance at End of Period, Accumulated Other Comprehensive Income (Loss) Statement of Financial Position [Abstract] Common shares, par value (in dollars per share) Common Stock, Par or Stated Value Per Share Common shares, authorized Common Stock, Shares Authorized Common shares, issued Common Stock, Shares, Issued Common shares, outstanding Common Stock, Shares, Outstanding Excess shares, par value (in dollars per share) Excess shares, par value Face amount or stated value of excess shares per share; generally not indicative of the fair market value per share. Excess shares, authorized Excess shares, authorized The maximum number of excess shares permitted to be issued by an entity's charter and bylaws. Excess shares, issued Excess shares, issued The number of excess shares sold or granted to shareholders. Other Liabilities Disclosure [Abstract] Other Liabilities Other Liabilities Disclosure [Text Block] Subsequent Events [Abstract] Subsequent Event [Table] Subsequent Event [Table] Subsequent Event Type [Axis] Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Event Type [Domain] Subsequent Event [Line Items] Subsequent Event [Line Items] Subsequent Events [Text Block] Subsequent Events [Text Block] Other Assets [Abstract] Other Assets Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] Accounting Policies [Abstract] Use of Estimates USE OF ESTIMATES [Text Block] The entire disclosure for use of estimates. Entity's explanation that the preparation of financial statements in conformity with generally accepted accounting principles requires the use of management estimates. Risks and Uncertainties [Abstract] Risks and Uncertainties Concentration Risk Disclosure [Text Block] Summary of other liabilities Summary of other liabilities [Table Text Block] Tabular disclosure of other liabilities not separately disclosed on the balance sheet Real Estate Investment Property, Net [Abstract] Schedule of Real Estate Properties Schedule of Real Estate Properties [Table Text Block] DEVELOPMENT [Abstract] Development Development [Text Block] This element represents certain disclosures of accounting policies and procedures around real estate development. Earnings Per Share [Abstract] Earnings per Share Earnings Per Share [Text Block] Statement of Cash Flows [Abstract] OPERATING ACTIVITIES Net Cash Provided by (Used in) Operating Activities [Abstract] Net Income Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Adjustments to reconcile net income to net cash provided by operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Depreciation and amortization from continuing operations Depreciation, Depletion and Amortization Stock-based compensation expense Share-based Compensation Gain on sales of land and real estate investments Gain (Loss) on Sale of Property, Plant, Equipment and Real Estate Properties Gain (Loss) on Sale of Property, Plant, Equipment and Real Estate Properties Changes in operating assets and liabilities: Increase (Decrease) in Operating Capital [Abstract] Accrued income and other assets Increase (Decrease) in Operating Assets Accounts payable, accrued expenses and prepaid rent Increase (Decrease) in Accounts Payable and Accrued Liabilities Other Other Operating Activities, Cash Flow Statement NET CASH PROVIDED BY OPERATING ACTIVITIES Net Cash Provided by (Used in) Operating Activities INVESTING ACTIVITIES Net Cash Provided by (Used in) Investing Activities [Abstract] Real estate development Payments to Develop Real Estate Assets Purchases of real estate Payments to Acquire Commercial Real Estate Real estate improvements Payments for Capital Improvements Proceeds from sales of land and real estate investments Proceeds from Sale of Real Estate Held-for-investment Repayments on mortgage loans receivable Repayments on mortgage loans receivable The cash inflow from the repayments received on collateralized mortgage receivables. Changes in receivable for development infrastructure cost reimbursements Changes in receivable for development infrastructure cost reimbursements Changes in receivable for development infrastructure cost reimbursements Changes in accrued development costs Changes in accrued development costs The net cash inflow from (outflow for) expenditures for a real estate project that has not yet been completed. Changes in other assets and other liabilities Payments for (Proceeds from) Other Investing Activities NET CASH USED IN INVESTING ACTIVITIES Net Cash Provided by (Used in) Investing Activities FINANCING ACTIVITIES Net Cash Provided by (Used in) Financing Activities [Abstract] Proceeds from unsecured bank credit facilities Proceeds from Bank Debt Repayments on unsecured bank credit facilities Repayments of Bank Debt Repayments on secured debt Repayments of Secured Debt Proceeds from unsecured debt Proceeds from Issuance of Long-term Debt Debt issuance costs Payments of Debt Issuance Costs Distributions paid to stockholders (not including dividends accrued on unvested restricted stock) Payments of Ordinary Dividends Proceeds from common stock offerings Proceeds from Issuance of Common Stock Proceeds from dividend reinvestment plan Proceeds from dividend reinvestment plan The cash inflow associated with the amount received from the Company's dividend reinvestment plan (DRIP) for the value of stock issued during the period. Other Proceeds from (Payments for) Other Financing Activities NET CASH PROVIDED BY FINANCING ACTIVITIES Net Cash Provided by (Used in) Financing Activities INCREASE IN CASH AND CASH EQUIVALENTS Cash and Cash Equivalents, Period Increase (Decrease) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD Cash and Cash Equivalents, at Carrying Value CASH AND CASH EQUIVALENTS AT END OF PERIOD SUPPLEMENTAL CASH FLOW INFORMATION Supplemental Cash Flow Information [Abstract] Cash paid for interest, net of amount capitalized of $2,494 and $2,336 for 2015 and 2014, respectively Interest Paid, Net Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] Disclosure of Compensation Related Costs, Share-based Payments [Abstract] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Award Type [Axis] Award Type [Axis] Equity Award [Domain] Equity Award [Domain] Award Recipient Type [Axis] Award Recipient Type [Axis] Award Recipient Type [Axis] Award Recipient Type [Domain] Award Recipient Type [Domain] [Domain] for Award Recipient Type [Axis] Award Recipient Type Employee [Member] Award Recipient Type Employee [Member] Award Recipient Type Employee [Member] Award Recipient Type Employees and Directors [Member] Award Recipient Type Employees and Directors [Member] Award Recipient Type Employees and Directors Award Recipient Type Director [Member] Award Recipient Type Director [Member] Award Recipient Type Director [Member] Plan Name [Axis] Plan Name [Axis] Plan Name [Domain] Equity Incentive Plan 2013 [Member] Equity Incentive Plan 2013 [Member] Equity Incentive Plan 2013 [Member] Share Based Payment AwardsType [Axis] Pertinent data describing and reflecting required goals pertaining to an equity-based compensation arrangement. Share Based Payment Awards Type [Domain] Pertinent data describing and reflecting required goals pertaining to an equity-based compensation arrangement. Restricted Stock [Member] Equity Award Requirements [Axis] Equity Award Requirements [Axis] Pertinent data describing and reflecting required goals pertaining to an equity-based compensation arrangement. Equity Award Requirements [Domain] Equity Award Requirements [Domain] Pertinent data describing and reflecting required goals pertaining to an equity-based compensation arrangement. Company Performance Awards [Member] Company Performance Awards [Member] Company performance requirements for awards of restricted stock to be made. Shareholder Return Awards [Member] Shareholder Return Awards [Member] Shareholder requirements for awards of restricted stock to be made. Schedule of Share-based Compensation Arrangement by Share-based Payment Award Benefit Group Type [Axis] Schedule of Share based Compensation Arrangement by Share based Payment Award Benefit Group Type [Axis] Pertinent data describing and reflecting required disclosures pertaining to an equity-based compensation arrangement, by plan. Share-based Compensation Arrangements by Share-based Payment Award Benefit Group Name [Domain] Share based Compensation Arrangements by Share based Payment Award Benefit Group Name [Domain] Equity-based compensation plans and award types, including multiple equity-based payment arrangements. Executive Officer [Member] Executive Officer [Member] Non Executive Officers [Member] Non Executive Officers [Member] Non-executive officers Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share Based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Rights (% vesting per year in future years) Share Based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Rights (% vesting per year in future years) Share Based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Rights (% vesting per year in future years) Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of vesting that occurred on grant date Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of vesting that occurred on grant date Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of vesting that occurred on grant date Stock-based compensation costs capitalized as development costs Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount Percentage of shares granted vesting annually in future periods Percentage of shares granted vesting annually in future periods For a share-based compensation arrangement grant award, the percentage of the total award vesting as a group or grouping of awards annual in accordance with the established vesting schedule at grant date. Allocated Share-based Compensation Expense Allocated Share-based Compensation Expense Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (minimum) Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (minimum) The minimum number of shares to be granted in a future period on other than stock option plans. Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (maximum) Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (maximum) The maximum number of shares to be granted in a future period on other than stock option plans. Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of future vesting that will occur on grant date Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of future vesting that will occur on grant date The percentage of shares to be awarded in the future that will vest on the grant date. Share Based Compensation Arrangement By Share Based Payment Award Possible Shares To Be Awarded Vesting Rights Share Based Compensation Arrangement By Share Based Payment Award Possible Shares To Be Awarded Vesting Rights For possible share-based compensation plans to be awarded in the future, a description of the award terms as to how many shares or portion of an award will be no longer contingent on satisfaction of either a service condition, market condition or a performance condition, thereby giving the employee the legal right to convert the award to shares, to sell the shares, and be entitled to the cash proceeds of such sale. Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted Grant date fair value of shares issued (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Shares withheld for tax obligations Shares Paid for Tax Withholding for Share Based Compensation Fair value of shares vested as of the vesting date Fair value of shares vested as of the vesting date The vesting-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] Unvested at beginning of period (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number Granted (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Forfeited (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures Vested (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period Unvested at end of period (in shares) Weighted Average Grant Date Fair Value [Abstract] Unvested at beginning of period (per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value Granted (per share) Forfeited (per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value Vested (per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value Unvested at end of period (per share) New Accounting Pronouncements and Changes in Accounting Principles [Abstract] Recent Accounting Pronouncements Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] Summary of total shares granted, forfeited and delivered Schedule of Share-based Compensation, Activity [Table Text Block] Stock-Based Compensation Disclosure of Compensation Related Costs, Share-based Payments [Text Block] Business Combinations [Abstract] Schedule of Business Acquisitions, by Acquisition [Table] Schedule of Business Acquisitions, by Acquisition [Table] Business Acquisition [Axis] Business Acquisition [Axis] Business Acquisition, Acquiree [Domain] Business Acquisition, Acquiree [Domain] Ridge Creek Distribution Center III, Colorado Crossing Distribution Center and Ramona Distribution Center[Domain] Ridge Creek Distribution Center III, Colorado Crossing Distribution Center and Ramona Distribution Center [Domain] Ridge Creek Distribution Center III, Colorado Crossing Distribution Center and Ramona Distribution Center [Domain] Acquired Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets, Major Class Name [Domain] Finite-Lived Intangible Assets, Major Class Name [Domain] Leases, Acquired-in-Place [Member] Leases, Acquired-in-Place [Member] Below market lease [Member] Below market lease [Member] Below market lease intangible [Member] Above Market Leases [Member] Above Market Leases [Member] Business Acquisition [Line Items] Business Acquisition [Line Items] Amortization expense for lease intangibles Amortization of Intangible Assets Above and below market leases Increase (decrease) rental Income Rental Income Increase Decrease For Amortization Of Acquired In Place Lease Intangibles Aggregate amount of intangible asset amortization recognized as an adjustment to rental income during the period. Total cost of properties purchased Payments to Acquire Businesses, Gross Amount of total cost allocated to real estate properties Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment Amount of total cost allocated to land Business Combination Recognized Assets Acquired Land The amount of land recognized as of the acquisition date. Intangible acquired associated with purchase of Real Estate Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles Cash paid for acquired properties Cash paid for acquired properties Cash paid for acquired properties Acquisition-related costs expensed Business Combination, Acquisition Related Costs Mortgages assumed in connection with purchase of real estate, face amount Mortgages assumed in connection with purchase of real estate, face amount Mortgages assumed in connection with purchase of real estate, face amount Premium on mortgage loan, amount recognized at assumption of loan Premium on mortgage loan, amount recognized at assumption of loan Premium on mortgage loan, amount recognized at assumption of loan Statement of Stockholders' Equity [Abstract] Stockholders' Equity Attributable to Parent Stockholders' Equity Attributable to Parent [Abstract] Common dividends declared - per share (in dollars per share) Common Stock, Dividends, Per Share, Declared Issuance of shares of common stock, common stock offering, net of expenses Stock Issued During Period, Shares, New Issues Issuance of shares of common stock, options exercised Issuance of shares of common stock, options exercised Number of shares of common stock issued during the period from the exercise of stock options. Issuance of shares of common stock, dividend reinvestment plan Stock Issued During Period, Shares, Dividend Reinvestment Plan Withheld shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock Withheld Shares Of Common Stock To Satisfy Tax Withholding Obligations In Connection With Vesting Of Restricted Stock Shares Number of withheld restricted stock shares to satisfy withholding for vesting of restricted stock. Other Liabilities, Unclassified [Abstract] Security deposits Security Deposit Liability Prepaid rent and other deferred income Advance Rent Acquired Below Market Lease Intangibles Acquired Below Market Lease Intangibles, Gross Acquired Below Market Lease Intangibles, Gross Accumulated Amortization of Acquired Below Market Lease Intangibles Accumulated Amortization, Acquired Below Market Lease Intangibles Accumulated Amortization, Acquired Below Market Lease Intangibles Acquired Below Market Lease Intangibles, Net of Accumulated Amortization Acquired Below Market Lease Intangibles, Net Acquired Below Market Lease Intangibles, Net Interest rate swap liabilities Interest Rate Cash Flow Hedge Liability at Fair Value Prepaid tenant improvement reimbursements Prepaid tenant improvement reimbursements Prepaid tenant improvement reimbursements Other liabilities Other Liabilities, Current Other Liabilities - total Other Liabilities Debt Disclosure [Abstract] DEBT Mortgage Notes Payable Disclosure [Text Block] Derivative [Table] Derivative [Table] Long-term Debt, Type [Axis] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Long-term Debt, Type [Domain] Unsecured Debt [Member] Unsecured Debt [Member] Seventy-five Million Unsecured Term Loan [Member] Seventy-five Million Unsecured Term Loan [Member] Seventy-five Million Unsecured Term Loan [Member] Interest Rate Swap Identifier [Axis] Interest Rate Swap Identifier [Axis] Interest Rate Swap Identifier [Axis] Interest Rate Swap Identifier [Domain] Interest Rate Swap Identifier [Domain] [Domain] for Interest Rate Swap Identifier [Axis] $80 million interest rate swap [Member] $80 million interest rate swap [Member] $80 million interest rate swap [Member] $75 million interest rate swap executed in 2014 [Member] $75 million interest rate swap executed in 2014 [Member] $75 million interest rate swap executed in 2014 [Member] Eighty Million Unsecured Term Loan [Member] Eighty Million Unsecured Term Loan [Member] Eighty Million Unsecured Term Loan [Member] $60 million interest rate swap [Member] $60 million interest rate swap [Member] $60 million interest rate swap [Member] $15 million interest rate swap [Member] $15 million interest rate swap [Member] $15 million interest rate swap [Member] $75 million interest rate swaps [Member] $75 million interest rate swaps [Member] $75 million interest rate swaps [Member] Seventy-Five Million Unsecured Term Loan executed in 2014 [Member] Seventy-Five Million Unsecured Term Loan executed in 2014 [Member] Seventy-Five Million Unsecured Term Loan executed in 2014 [Member] $75 million interest rate swap executed in 2015 [Member] $75 million interest rate swap executed in 2015 [Member] $75 million interest rate swap executed in 2015 [Member] Seventy-Five Million Unsecured Term Loan executed in 2015 [Member] Seventy-Five Million Unsecured Term Loan executed in 2015 [Member] Seventy-Five Million Unsecured Term Loan executed in 2015 [Member] Hedging Designation [Axis] Hedging Designation [Axis] Hedging Designation [Domain] Hedging Designation [Domain] Designated as Hedging Instrument [Member] Designated as Hedging Instrument [Member] Balance Sheet Location [Axis] Balance Sheet Location [Axis] Balance Sheet Location [Domain] Balance Sheet Location [Domain] Other Assets [Member] Other Assets [Member] Other Liabilities [Member] Other Liabilities [Member] Derivative Instrument Risk [Axis] Derivative Instrument [Axis] Derivative Contract Type [Domain] Derivative Contract [Domain] Interest Rate Swap [Member] Interest Rate Swap [Member] Derivative [Line Items] Derivative [Line Items] Number of interest rate swaps Number of interest rate swaps Number of interest rate swaps Notional Amount of Interest Rate Derivatives Derivative, Notional Amount Number of interest rate swaps entered into during period Number of interest rate swaps entered into during period Number of interest rate swaps entered into during period Term Loan Notional Amount Associated with Interest Rate Swap Derivative Term Loan Notional Amount Associated with Interest Rate Swap Derivative Term Loan Notional Amount Associated with Interest Rate Swap Derivative Interest Rate Cash Flow Hedge Assets at Fair Value Interest Rate Cash Flow Hedge Asset at Fair Value Interest rate cash flow hedge liabilities at fair value Derivative Instruments, Income (Loss) Recognized in Other Comprehensive Loss, Effective Portion, Net Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net Amount of loss reclassified from accumulated other comprehensive loss into interest expense Amount of loss reclassified from accumulated other comprehensive income (loss) to interest expense Amount of loss reclassified from accumulated other comprehensive income (loss) to interest expense Cash flow hedge amount to be reclassified to Interest Expense in next 12 months [Line Items] Cash flow hedge amount estimated to be reclassified to interest expense in next 12 months Cash flow hedge amount estimated to be reclassified to interest expense in next 12 months Interest rate swap cash flow hedge termination value Interest rate swap cash flow hedge termination value Interest rate swap cash flow hedge termination value Schedule of Real Estate Properties [Table] Schedule of Real Estate Properties [Table] Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum [Member] Minimum [Member] Maximum [Member] Maximum [Member] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Domain] Property, Plant and Equipment, Type [Domain] Building [Member] Building [Member] Improvements [Member] Improvements and Personal Property [Member] Improvements and Personal Property [Member] Real Estate Properties [Line Items] Real Estate Properties [Line Items] Property, Plant and Equipment, Useful Life Property, Plant and Equipment, Useful Life Depreciation Expense During the Period Cost of Services, Depreciation Real Estate Properties Real Estate Investments, Net [Abstract] Land Land Building and building improvements Investment Building and Building Improvements Tenant and other improvements Tenant Improvements Development Development in Process Real estate and development properties Real Estate Investment Property, at Cost Less accumulated depreciation Real Estate Investment Property, Accumulated Depreciation Real estate, net Real Estate Investment Property, Net Other Assets Components [Abstract] Other Assets, Unclassified [Abstract] Leasing costs (principally commissions) Deferred Costs, Leasing, Gross Accumulated amortization of leasing costs Deferred Costs, Leasing, Accumulated Amortization Leasing costs (principally commissions), net of accumulated amortization Deferred Costs, Leasing, Net Straight-line rents receivable Deferred Rent Receivables, Gross The cumulative difference between the rental payments required by a lease agreement and the rental income or expense recognized on a straight-line basis, or other systematic and rational basis more representative of the time pattern in which use or benefit is granted or derived from the leased property, expected to be recognized in income or expense over the term of the leased property, by the lessor or lessee, respectively. Allowance for doubtful accounts on straight-line rents receivable Allowance For Doubtful Accounts Receivable Straight Line Rent Current A valuation allowance for straight-line rent receivable due to the Company within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Straight-line rents receivable, net of allowance for doubtful accounts Deferred Rent Receivables, Net Accounts receivable Accounts Receivable, Gross, Current Allowance for doubtful accounts on accounts receivable Allowance for Doubtful Accounts Receivable, Current Accounts receivable, net of allowance for doubtful accounts Accounts Receivable, Net Acquired in-place lease intangibles Finite-Lived Intangible Asset, Acquired-in-Place Leases Accumulated amortization of acquired in-place lease intangibles Acquired in place lease intangibles, accumulated amortization The accumulated amount of amortization of in-place lease intangibles. Acquired in-place lease intangibles, net of accumulated amortization Acquired In Place Lease Intangibles Net Of Accumulated Amortization This element represents the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property less accumulated amortization and any impairment charges. Acquired above market lease intangibles Acquired above market lease intangibles This element represents the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. Accumulated amortization of acquired above market lease intangibles Accumulated amortization Acquired above market lease intangibles The accumulated amount of amortization of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Acquired above market lease intangibles, net of accumulated amortization Acquired Above Market Leases Net Of Accumulated Amortization This element represents the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property, net of accumulated amortization. Such amount may include the value assigned to existing tenant relationships and excludes the market adjustment component of the value assigned for above . Loan costs Deferred Finance Costs, Gross Accumulated amortization of loan costs Accumulated Amortization, Deferred Finance Costs Loan costs, net of accumulated amortization Deferred Finance Costs, Net Mortgage loans receivable Loans and Leases Receivable, Gross, Consumer, Real Estate Interest rate swap assets Interest rate swap assets Interest Rate Derivative Assets, at Fair Value Escrow deposits for 1031 exchange Escrow deposits for 1031 exchange Escrow deposits for 1031 exchange Receivable for development infrastructure costs Receivable for development infrastructure costs Receivable for development infrastructure costs Goodwill Goodwill Prepaid expenses and other assets Prepaid Expense and Other Assets Other Assets Total Other Assets Earnings Per Share Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Payables and Accruals [Abstract] Summary of Accounts Payable and Accrued Expenses Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] Fair Value Disclosures [Abstract] Carrying amounts and fair value of financial instruments Fair Value, by Balance Sheet Grouping [Table Text Block] ASSETS Assets [Abstract] Real estate properties Real estate properties Carrying amount as of the balance sheet date of real estate held for productive use, investments in building and building improvements, tenant and other improvements . This excludes land held for sale. Real estate assets held for sale Real Estate Held-for-sale Unconsolidated investment Equity Method Investments Cash Cash Other Assets TOTAL ASSETS Assets LIABILITIES AND EQUITY Liabilities and Equity [Abstract] LIABILITIES Liabilities [Abstract] Secured debt Secured Debt Unsecured debt Unsecured Debt Unsecured bank credit facilities Notes Payable to Bank Accounts payable and accrued expenses Accounts Payable and Accrued Liabilities Other liabilities Total Liabilities Liabilities EQUITY Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] Stockholders' Equity: Common shares; $.0001 par value; 70,000,000 shares authorized; 32,314,021 shares issued and outstanding at June 30, 2015 and 32,232,587 at December 31, 2014 Common Stock, Value, Issued Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued Excess shares value Dollar value of issued excess shares. Additional paid-in capital on common shares Additional Paid in Capital, Common Stock Distributions in excess of earnings Accumulated Distributions in Excess of Net Income Accumulated Other Comprehensive Loss Total Stockholders' Equity Stockholders' Equity Attributable to Parent Noncontrolling interest in joint ventures Stockholders' Equity Attributable to Noncontrolling Interest Total Equity Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest TOTAL LIABILITIES AND EQUITY Liabilities and Equity Document and Entity Information [Abstract] Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Well-known Seasoned Issuer Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Voluntary Filers Entity Current Reporting Status Entity Current Reporting Status Entity Filer Category Entity Filer Category Entity Public Float Entity Public Float Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Document Type Document Type Amendment Flag Amendment Flag Document Period End Date Document Period End Date Real Estate Properties Real Estate Disclosure [Text Block] Accounts Payable and Accrued Expenses Accounts Payable and Accrued Liabilities Disclosure [Text Block] Fair Value, by Balance Sheet Grouping [Table] Measurement Basis [Axis] Fair Value Measurement [Domain] Fair Value Measurement [Domain] Portion at Fair Value Measurement [Member] Portion at Fair Value Measurement [Member] Carrying Amount [Member] Reported Value Measurement [Member] Fair Value [Member] Estimate of Fair Value Measurement [Member] Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] Financial Assets [Abstract] Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] Cash and Cash Equivalents, at Carrying Value Cash and Cash Equivalents, Fair Value Disclosure Cash and Cash Equivalents, Fair Value Disclosure Cash held in escrow for 1031 exchange Mortgage loans receivable Loans Receivable, Fair Value Disclosure Financial Liabilities [Abstract] Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] Secured debt Secured debt Fair Value Disclosure This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents secured debt payable as of the balance sheet date. Unsecured debt Unsecured debt Fair Value Disclosure This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents unsecured debt payable as of the balance sheet date. Unsecured bank credit facilities Unsecured bank credit facilities Fair Value Disclosure This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents unsecured bank credit facilities as of the balance sheet date. Interest rate swap liabilities Derivative Liability Other Assets Other Assets Disclosure [Text Block] Organization, Consolidation and Presentation of Financial Statements [Abstract] Subsidiaries [Table] Investment, Name [Axis] Investment, Name [Axis] Equity Method Investee, Name [Domain] Investment, Name [Domain] Industry Distribution Center II - undivided tenant [Member] Industry Distribution Center II - undivided tenant [Member] Industry Distribution Center II is a real estate property in which the Company has a 50% undivided tenant-in-common interest. Legal Entity [Axis] Legal Entity [Axis] Entity [Domain] Entity [Domain] University Business Center [Member] Corporate Joint Venture [Member] Castilian Research Center [Member] Castilian Research Center [Member] A corporation owned and operated by a small group of ventures to accomplish a mutually beneficial venture or project. Subsidiaries [Line Items] Joint Ventures Joint Ventures Joint Ventures Joint venture ownership interest Less Than Wholly Owned Joint Venture Investment Ownership Percentage The percentage of ownership of common stock or equity participation in consolidated joint venture investee. Joint ventures' assets, liabilities, revenues and expenses with noncontrolling interests Joint Ventures Assets Liabilities Revenues And Expenses With Noncontrolling Interests Records percentage of the joint ventures' assets, liabilities, revenues and expenses with non-controlling interests provided for in accordance with the joint venture agreement. Tenant-in-common interest Equity Method Investment, Ownership Percentage Business Combinations and Acquired Intangibles Business Combination Disclosure [Text Block] Consolidation Consolidation, Policy [Policy Text Block] Use of Estimates Use of Estimates, Policy [Policy Text Block] Business Combinations Business Combinations Policy [Policy Text Block] Discontinued Operations Discontinued Operations, Policy [Policy Text Block] Statement [Table] Equity Components [Axis] Shareholders' Equity [Domain] Equity Component [Domain] Common Stock Common Stock [Member] Additional Paid-in Capital Additional Paid-in Capital [Member] Distributions In Excess Of Earnings Accumulated Distributions in Excess of Net Income [Member] Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Income (Loss) [Member] Noncontrolling Interest in Joint Ventures Noncontrolling Interest [Member] Statement [Line Items] Statement [Line Items] Increase (Decrease) in Stockholders' Equity [Roll Forward] Increase (Decrease) in Stockholders' Equity [Roll Forward] BALANCE Net income Common dividends declared - $1.14 per share Dividends, Common Stock, Cash Stock-based compensation, net of forfeitures Issuance of 1,688 shares of common stock, common stock offering, net of expenses Stock Issued During Period, Value, New Issues Issuance of 2,160 shares of common stock, dividend reinvestment plan Stock Issued During Period, Value, Dividend Reinvestment Plan Withheld 32,409 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock Withheld Shares Of Common Stock To Satisfy Tax Withholding Obligations In Connection With Vesting Of Restricted Stock Value of withheld restricted stock to satisfy withholding for vesting of restricted stock. Distributions to noncontrolling interest Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders BALANCE BASIC EPS COMPUTATION FOR NET INCOME AVAILABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract] Earnings Per Share, Basic [Abstract] Numerator – net income attributable to common stockholders Net Income (Loss) Available to Common Stockholders, Basic Denominator - Weighted average shares outstanding Weighted Average Number of Shares Outstanding, Basic DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Earnings Per Share, Diluted [Abstract] Unvested restricted stock Incremental Common Shares Attributable To Nonvested Restricted Stock Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of nonvested restricted stock using the treasury stock method. Total Shares Weighted Average Number of Shares Outstanding, Diluted Cash paid for interest, net of amount capitalized Interest Paid, Capitalized Discontinued Operations and Disposal Groups [Abstract] Real Estate Held For Sale and Discontinued Operations Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] Fair Value of Financial Instruments Fair Value, Measurement Inputs, Disclosure [Text Block] Principles of Consolidation Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block] Credit Facility [Axis] Credit Facility [Axis] Credit Facility [Domain] Credit Facility [Domain] Former nine bank group unsecured revolving credit facility [Member] Former nine bank group unsecured revolving credit facility [Member] Former seven bank group unsecured revolving credit facility [Member] Nine bank group unsecured revolving credit facility [Member] Nine bank group unsecured revolving credit facility [Member] Nine bank group unsecured revolving credit facility [Member] Former Pnc na revolving credit facility [Member] Former Pnc na revolving credit facility [Member] Former Pnc na revolving credit facility [Member] Pnc Na Unsecured revolving credit facility [Member] Pnc Na Unsecured revolving credit facility [Member] Lender entity bank for a credit facility Disposal Group Name [Axis] Disposal Group Name [Axis] Disposal Groups, Including Discontinued Operations, Name [Domain] Disposal Groups, Including Discontinued Operations, Name [Domain] Ambassador Row Warehouse (one building sold in 2015) [Member] Ambassador Row Warehouse (one building sold in 2015) [Member] Ambassador Row Warehouse (one building sold in 2015) [Member] Acquired development land [Axis] Acquired development land [Axis] Acquired development land [Axis] Acquired development land [Domain] Acquired development land [Domain] [Domain] for Acquired development land [Axis] San Antonio [Member] San Antonio [Member] San Antonio Phoenix Area [Member] Phoenix Area [Member] Phoenix area Development Start Property Name [Axis] Development Start Property Name [Axis] Development Start Property Name [Axis] Development Start Property Name [Domain] Development Start Property Name [Domain] Development Start Property Name [Domain] Private Placement [Member] Private Placement [Member] Property sold [Member] Property sold [Member] Property sold [Member] Acquisition of development land [Member] Acquisition of development land [Member] Acquisition of development land [Member] Line of Credit Facility, Current Borrowing Capacity Line of Credit Facility, Current Borrowing Capacity MarginoverLIBORrate MarginoverLIBORrate MarginoverLIBORrate Facility fee Facility fee Facility fee Extension option on credit facility Extension option on credit facility Extension option on credit facility Expansion option on credit facility Expansion option on credit facility Expansion option on credit facility Number of insurance companies participating in senior unsecured private placement notes Number of insurance companies participating in senior unsecured private placement notes Number of insurance companies participating in senior unsecured private placement notes Number of properties originally owned Number of properties originally owned Number of properties originally owned Size (in square feet) of property sold Size (in square feet) of property sold Size (in square feet) of property sold Debt Instrument, Interest Rate, Stated Percentage Debt Instrument, Interest Rate, Stated Percentage Debt Instrument, Maturity Date Debt Instrument, Maturity Date Gross sales price of property sold Gross sales price of property sold Gross sales price of property sold Size (in acres) of land acquired Size (in acres) of land acquired Size (in acres) of land acquired Purchase price for development land acquired Purchase price for development land acquired Purchase price for development land acquired Proceeds from Issuance of Private Placement Proceeds from Issuance of Private Placement Unsecured debt, term (in years) Unsecured debt, term (in years) Unsecured debt, term (in years) Effective Interest Rate Debt, Effective Interest Rate Debt, Effective Interest Rate Credit facility, maturity (in years) Credit facility, maturity (in years) Credit facility, maturity (in years) Comprehensive Income (Loss) Note [Text Block] Comprehensive Income (Loss) Note [Text Block] Basis of Presentation Basis of Accounting [Text Block] Percentage of Property Occupation by Tenants when Development Cost Ceased Being Capitalized Percentage of Occupation When Development Cost Ceased Being Capitalized Threshold percentage of occupation by tenants when the development cost on a property is no longer capitalized. Length of Time After Project Completion When Development Cost are no Longer Capitalized Length of Time After Project Completion When Development Cost Ceased Being Capitalized Length of Time (in years) After Project Completion When Development Cost Ceased Being Capitalized Secured and Unsecured Debt [Table] Participating Mortgage Loans [Table] $75 million interest rate swap executed in 2015 [Member] Secured and unsecured debt [Member] Secured and unsecured debt [Member] Secured and unsecured debt [Member] Secured Debt [Member] Secured Debt [Member] Secured and Unsecured Debt [Line Items] Secured and Unsecured Debt [Line Items] Secured and Unsecured Debt [Line Items] Secured debt, change during period Secured debt, change during period Secured debt, change during period Secured debt, amount repaid during period Secured debt, amount repaid during period Secured debt, amount repaid during period Interest Rate (in hundredths) Secured debt, principal payments during period Secured debt, principal payments during period Secured debt, principal payments during period Amortization of Debt Discount (Premium) Amortization of Debt Discount (Premium) Unsecured debt, change during period Unsecured debt, change during period Unsecured debt, change during period Derivative, Notional Amount Long-term Debt, Maturities, Repayment Terms (in years) Long-term Debt, Maturities, Repayment Terms Long-term debt, margin over LIBOR rate Long-term debt, margin over LIBOR rate Long-term debt, margin over LIBOR rate Unsecured bank credit facilities, change during period Unsecured bank credit facilities, change during period Unsecured bank credit facilities, change during period Loans Payable, Noncurrent [Abstract] Loans Payable, Noncurrent [Abstract] Payments of principal over future years [Abstract] Long-term Debt, Fiscal Year Maturity [Abstract] Remainder of 2015 Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year 2016 Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months 2017 Long-term Debt, Maturities, Repayments of Principal in Year Two 2018 Long-term Debt, Maturities, Repayments of Principal in Year Three 2019 Long-term Debt, Maturities, Repayments of Principal in Year Four 2020 and beyond Long-term Debt, Maturities, Repayments of Principal after Year Five Income Statement [Abstract] REVENUES Revenues [Abstract] Income from real estate operations Real Estate Revenue, Net Other income Other Operating Income Revenues Revenues EXPENSES Cost of Revenue [Abstract] Expenses from real estate operations Cost of Real Estate Revenue Depreciation and amortization General and administrative General and Administrative Expense Acquisition costs Business Combination, Integration Related Costs Expenses Costs and Expenses OPERATING INCOME Operating Income (Loss) OTHER INCOME (EXPENSE) Operating Expenses [Abstract] Interest expense Interest Expense Gain on Sales of Real Estate Investments Gains (Losses) on Sales of Investment Real Estate Other Other Operating Income (Expense), Net DISCONTINUED OPERATIONS Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract] Net income attributable to noncontrolling interest in joint ventures Net Income (Loss) Attributable to Noncontrolling Interest NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Other comprehensive income (loss) - cash flow hedges Other Comprehensive Income (Loss), Net of Tax TOTAL COMPREHENSIVE INCOME Comprehensive Income (Loss), Net of Tax, Attributable to Parent BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Net income attributable to common stockholders Earnings Per Share, Basic Weighted average shares outstanding DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract] Net income attributable to common stockholders Earnings Per Share, Diluted Weighted average shares outstanding AMOUNTS ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS Income Amounts Attributable to Parent, Disclosures [Abstract] Net income attributable to common stockholders Derivative Instruments and Hedging Activities Disclosure [Text Block] Derivative Instruments and Hedging Activities Disclosure [Text Block] Principal payments due during the next five years Schedule of Maturities of Long-term Debt [Table Text Block] Accounts Payable and Accrued Liabilities [Abstract] Property taxes payable Accrual for Taxes Other than Income Taxes Development costs payable Construction Payable Interest payable Interest Payable Dividends payable on unvested restricted stock Dividends Payable Other payables and accrued expenses Accounts Payable, Other Accounts payable and accrued expenses Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Table] Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Table] Real Estate, Type of Property [Axis] Real Estate, Type of Property [Axis] Real Estate [Domain] Real Estate [Domain] Land [Member] Land [Member] Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Axis] Northpoint, Tampa West VI, Clay Campbell, Kirby and Ambassador (two buildings) property sales [Member] Northpoint, Tampa West VI, Clay Campbell, Kirby and Ambassador (two buildings) property sales [Member] Northpoint, Tampa West VI, Clay Campbell, Kirby and Ambassador (two buildings) property sales [Member] Long Lived Assets Held-for-sale [Line Items] Long Lived Assets Held-for-sale [Line Items] Number of real estate properties transferred to held for sale and sold Number of real estate properties transferred to held for sale and sold The number of real estate properties that were transferred to held for sale and sold during the period. Square Footage of Real Estate Property Area of Real Estate Property Gain (Loss) on Sale of Properties Gain (Loss) on Sale of Properties Proceeds from Sale of Property, Plant, and Equipment Proceeds from Sale of Property, Plant, and Equipment Estimated gain on sale of operating property Estimated gain on sale of operating property Estimated gain on sale of operating property Gain on sales of land Gain on sales of land Gain on sales of land EX-101.PRE 11 egp-20150630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 12 egplogonewa01a02a01a02a01a01.jpg begin 644 egplogonewa01a02a01a02a01a01.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4` M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@`` M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$! M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP, M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P, M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`&(! M-P,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_ MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-CH.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($ M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B M7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X MN;K"P\3%QL?(RKR\_3U]O?X^?K_V@`,`P$` M`A$#$0`_`/W\HHIN!S@9I,38I<`XS0)%;H:XCX^^&_$7B/X9ZI'X6\477A#7 M+>!Y[2_BM8;I%=5)`DCD5@R9Z@8/O7YE?\$V_P!K/]J;_@H7X\\5Z0GQ>T?P MQ;>$X(Y)[D>&+2Z:=W=E"JI5<`;"22>XKLH81U(2GS))=SP!7RFG[,7[3N./VF-/('_4B67_Q5`1D#C-`P,\CC] M*Y$SV[CBP'7-&X9`YYJ)90PR&&W)&0.O4^E-@I#\]N]&0.O%1[P`])N'KTIGF)V9 M>/>FM(KJ,.H(/K328>TC>UR;/3WI-P&,S+!O'FE`< M%MO7;GC/3->3?MD_MQ^`OV&_AV->\9ZDPN+HF/3M+M0);[4Y0/N11Y''JQPH M'4YITX2G)1BM68U\91HTW6JR2BMW<]GWCUH\Q?45\8?#C5/VHOVTM*CU^?4] M(_9Z\%ZBOG:?9PV"ZMXBN(3]TRF;$4.Y><;`P/YUTE[_`,$Q;C7UCGU']H/] MHZ2\`RSV?C)K*)CG.1%''M`]JV=&,=)R5_+4\^GF=:LN>A0DX]&[*_HF[_>C MZK\Q>>>!1O&,YR*_/W]HO]D[]JC]G3PO=^(/@Q\=?$_C>&P1II?#_B2WM[V\ MFC`R5AFD1M[\'Y3L)Z`DG%?4G["OQKU7]H3]D;P)XQUW8-T%.,DTPP>;2K8AX6M2E3DE?6UFO)IV/7@P/3)S2@@] M*C,JE3\P(QV.:`Z`<,,C\:YK'K<=Z9N5N> M*-PQFDRHYR33&=0>2./?%),IR2W)-X..O-+FF!U.=I!Q02"?8T,2=T.W#GVI M1BF^<#W%*6!`&>3TH>FXU)" MA@<$=Z6F#('&:>.@YS1<$%%%%`PII4DD\TZD'4?C0)F;XOX\+:D>"/LLO_H) MK\F_^#:H@?%CXS9(7,5IQ_VVGK]8_%W_`"*6I_\`7K+_`.@FOPZ_X(H?M)>* MO@#\:OB/#X9^&'B7XFC5H(VN;?1)(8YM/\N:3:[&4JI5MV,;LY%>O@:;EA:J M7D?`\2UX4RYMDWT\M3]UA@*`<`"J.MZ)9Z]9FUOK:*ZMFD20QR#*[D M=74_4,JD>A`KY9_X>&?$Z,9'[*/QDP`3_P`?6F9)^GGUK_\`!.K]J#Q9^U+J MGQ6U3Q9H%_X0GT/Q(NDVN@WK9GTN*.W0XD(X+L6+$J2IR,'%>?+#SC%SOMYG MU$,WPTZL:,;WE>VC6R\TCZ+_`(1_`?3/"GPU>^'Q M*^(VH_V9HRV/_'VD4:&:XEC/."(U`SCC<3VKZV!`'3&*^-/@5$G[7'_!3+QU M\1)5%SX4^#5J?!GA]C@QRZC)\]].I&02H98PPY.YAVJL*DI^TDKJ.ICGLYRH MK"496G5?*FNBZOY(\K_X-W/VK[WXI_!GQ5\._$&IW-_KOA"_;4+66[N&FGFM M;AB9!N;).R;=DD]9<=J_2'G9TR37XJE3_P`$LO\`@N2O'V+P7XUO,@9*Q_8= M0;`X'`$-P"`!V05^U4;*P5E;((X]#73F=**J*K#X9JYY/!6-J3PDL'7=ZE"3 MB_3H_N/SY_:A_:4\9?M8?\%%K3]FCP/XHU'P-X;T2T-_XNUC37$>HW0\I93; M0.0?+&QT&0#DNV>%&?7;_P#X([_!"^T!;0:;XIBO^0-77Q-?_P!H[C_%YQE) M)SS@\>U?$O\`P59^&WQ$_P""?G_!06R_:6\"VLM]H>M/&][(8BUM!<")8);6 MXV\K'-&BE7X)8L.H!/VO^PW_`,%=/A5^VK#::=;:@GA;QG(@$FA:G*L;)>UYGRJ6W+TY;Z M?<>5ZY^QA\5O@A^SK\=?A]-XRU_XB^%O$^C0_P#"'WFIW32W>FSL_E-;.>H( M+(^]>"%S@$'.OX(_X(E:=IOAS2DU?XS?&FZOH+>-;M(/$310.X4;@@VDJN<@ M#)(&.:^YV8.>QJ09"8/:N-8VJDTM+GTBX9P3DI33DDK*[>FMS\.O^"K_`,!M M=_8>^/G@#P[X2^*?Q/N-*\;0EY5OM>FFDM&$\<1VL"-P(DSANF.]?>>B?\$: M_"TFD6SW7Q3^-UU.T:LTA\5S)O)`YP!@5\L?\'%F?^&L?@/C(/D2_P#I;;U^ MMVC>)_%/B/P+=>!#=+?:[>27L^F-;S[YH?,;JI0"0#&\"1K=:9I-JA7E/]YTR< MY-?H%_P5T\077AC_`()R?%B[LY#%<#1_)#`X&'EC1A^*L1COFOCS_@V'CBB\ M"_%L*$$PO].#?WROESXS[=?UHHS;PU2N_BT5S',,+3AG.%RJ/\*\JC7=]%Z+ ML?J=&K\73-2 MUZ34;35=@W-&?-RRLRC`ZKD8(YS7S#_P3(S_`,/VOB80MB'9QG.TKM-6>ENIX'_P1O\`^"DNJ?MV?#+6](\7 MV\,/CSP4\::A-;Q".+4(9-P28(/N/N1U=1QE01UP%_;-_P""A7BB?]H>P^`' MP*LK'5?BCJ>'U/5[M?,L/"\&`S2.H^^X4Y(/`RO!+`#YR_X(O?##Q+^S1^SK M\:_VA/%&F3Z39:QI,U_I-E.IC>XAMUGN'D`;!V,[*J$]=I/<4_\`X-PM*?XE M^/?C1\2]:G:^\3ZA=P6TUS(,NYG,EQ*V>VY@O3ICTQ45<-2C.I62NH].ES;` MYOCJV'PF`J2:G5NW+KR+KZON?5GA7_@E#X6UZSBO/BKXM\=_%?Q),@-U>:GK M=Q;VA)'2*VA=8T09(&06`[FN8^,'_!&G0K#39=5^"WC7QO\`"KQA9J9+)[;6 M[JXTZ20#A9(7=MJGH2G(ZX;D'[9!'4G)/%(1D9KSH8VLG?F^73[C[.IP]@)0 MY'37K]I>=]_Q/SF_X)W_`/!57QA)\?+OX!?M!6MKIOC^RN7T^PU=0(H]0F7[ ML,BCY2SJUN9H< MQM]HLWCD@E+#G?MDV@]<1"N(_P""O'Q/F^-'QB_9?\4W`99-?\+V-_*N-H62 M2[C,@`[#<*]S"TX\\*]-64D[KI<_,,XQ]6.&KY7BFY2I3ARRZN+?<_8WX'?" M/2/@K\.M/T'1%OFLX(P[2WMW)=W-PY4;GDDD)9F..3G'L*ZV[MUN;5HG4,DB ME&!_B!&*;I.3IMMGJ(U_E5AN",8XKYN3O)G[%AZ48THQ2Z(_/&Y_9=T:3_@L MK%X336O&">#T\$IXO;0EURZ^Q->&\D@V[-_^IPBMY><%NV.*\$_X+^>'[K]F MOXI>"-5\"^(_%?AEO%4,_P!NM+/6;A+5I(W7$BIN^1B&(.,`]<9R:^QY23_P M73..@^#\?_ITFKY-_P"#F["^*?A*1@_)>?\`H4=>YA9MUZ:;^R?F>=X:G'*\ M3**L_:VOU2NCZI'_``2+T>+P;:R^&_BU\:/#WB1;=#'JR^*)[C]X!G<87)3! M/)`Q@<`BO$OV4_\`@H[\3?V7/VT9?V=OV@-3@\2FYNH['1O%"Q+#*[3`&W>3 M'#QRY`!(W(YP20,U^E6B$+HUID@'R4_#BOQ9_;TC3]O[_@LWH'ACX?!M0&A2 M6>FW^IV9W)`()-]S/O'`$0RH;H64`=LXX-^WE4A5U2OKV.W/::RREA\3@'RU M)2BN76TD]]-5^!^V0`P`,U)4<:E(5&>0,9J1O(;Z'Z+%NR"BBBD4%)D# MOTI:;@[CGF@39F^+^/">IC/_`"ZR_P#H)K\F/^#:R>,_&/XRPE@9OL]H^WOM M\^RLK2QFDGGGD$<<*A#EF8\``'K?4]+M_LLNI7L=HEQBYE)"M(0"0&'&<\UZV"3>$ MJI+L?!\1581SO`N;27O7^X_:K:,9P#CVZUFZ9X4T[1==U+4+2S@M[[5WC:]F M08:Y9%"H6QU(7CZ?05Q@_;(^$BK@_%#X>_\`A16F?_1E>:_M#_\`!1?P+X.C MT#P_X(\3^'O&'COQQJ<&C:)8Z7>QWPA>60(]S+Y;$+'"I:0@D%MN!WQYT*51 MZ69]96Q^$IQYY37WK\#K_P!N_P#:-C_97_95\6^,(P)=2M;7[)I,&[#7-],1 M%;QCW,C+^M?)_P"Q]^S)^V1^S3\"M.\/>';WX$QV]W++JUPVK_VB]^USZ1\3_BC-\-+FR\''[#GPA]K6X@2> M1/WLOG("55U0`AOEW$XY)K]&/^"7G[2Z_M5_L3^"_$LTR2ZO;6HTO50!C;=0 M?NW./]K"L,]0U>G?M'?"G2OCI\"_%O@_6S$NF>(-+N+2=Y"`L0*'$A/8*<'/ M;%?E+_P;Y?M+6_PF^-?COX-:MK5B(/$$CSZ-.LH\JXOH"8G6)B<-YD>UU`ZB M/OD9Z5+ZUA'I9P_(\)48Y-GL)<[<,0FG?5\R\_,_7_Q+X=T[Q?H=WIFK6-IJ M>FW\;0W%KBG*DXQLZU]*?L;_`/!4#PA\:-8U7P%XSUC3?#/Q1\(: MA-HVI6-[(MM%JDL$K1&>V+$!MY7.S.X$\`CFOH+XP?'7PA\!O!5WXA\7^(=+ MT'2;2%YFENIU3>%&<(.KMZ*H)/2N6A5Q.&J+DZ].C/>S'"Y3G&%2.#]W)_1G(*]>2*_,?\`X(J_!+5/B%^U3\7?V@WT>]T3P=XQOKN/PTEU M$8)+Q)KHRM,$Z;-H5<]"Q;&<&OTU_A)YR1Z9I9E&$:[4--M.S#@^>(EEL?K# M;:;2;W<4]&S\B?\`@XL(/[6?P'P?^6$O_I;;5^MVB$#2;7T,2_RK\@?^#BGQ M1IC_`+7_`,&+9=0LSQB0%K57O(&4N/XP:GX>L M+BWFCN+:>WC>.2-@R2*5!#`CJ".];XQ?[+27J<&023SG'6[Q_(X']LCX+']H MK]ESQUX*14:X\0Z1/:VRN<*9MNZ(-Z`NJ@GL*_);_@WD^-A^"'[7_BGX;Z_N MTR?Q?:&!89U".NH63M^[;/0E6F`'J`*_;1E)'!!!]*_.?_@IS_P2#UKXA?$Y M/C9\$+I=%^(]A<)J%UIT<@@749XSD7$3]%G.%RIPKXY(.25@*\/9RP]1V4MG MYAQ5E6(^LT,UPD>:5)ZQZN/6Q^C$9"J`",YI'R[`CG`^E?%_['__``5Q\/>, MDM?!7QGM9OA+\4K",0WEGKT1L;34G7@S02OA0&.3M/`)P"W6OH;]FOPWXO\` M#EEXRN_%GQ1LOB=9>(?$][K'AJ2#1;;34\.:/+L^S:4&@=A=B#:_^DOB23S/ MF'`KAJT)TW:2_P`OD?48'-,/BJ:G2EZK9KU1\0?\%Y=7\:?LR>"O#GCOP'\3 M/B'X:N]7U1K"]T^VUJ8V,BF,N'2-B1&1MZ)@'=TKW/\`X)0?#+6]6_9D\'?$ M3Q7\1?B%XT\0>*+'[;+'JNM2R65L&8@1I`,(<`#YFR2<\@<5\S?\')OQP\,: MY\*/!7@[3M;TJ_UZ+6'O;FTM[E)9K2)(BNZ15)V@ELGS MWC&":5W:_7YGYN_LB_`VS_:!_P""T7Q%T.]USQ)X>CMKW6+Z.[T*_:QN]Z3* MH7S%R0N'R0,Y('2M[_@J#^ROX@_X)]?M.?#_`.+,FI^(/BIX&CU%'>'Q5/\` MVDUM.ARUM(6PNV1,E&*@ADP23C-K_@F%XLTNZ_X+F^/KN/4K&2VU236XK.43 MKLNW,R$+&<_,<*QXSPI]*_6']I?]G?0/VJ/@IX@\#^)+83Z7KUN8MP`WVT@. M8YD]'1L,/I77B<6Z->'-\+BKH\?)#9F6/4+M;/5X@QVLRQAXG4`]2"RDXZ5A?L+?M'>*/^"-W[3VK?!+X MR+Q'O!(-HD4%KG5_&O MBO1=`M+>(RD7-RJS2CTCC^_(W0`*"3FO#G1J*7*XNY^G4LPPTZ/MX37+WN?G ME_PC1DO?WNJ7EQ%'_>5(HU/_CTB`?C7SK_P59\#W'P:US]E M*RU=O)?1_!MFMV'&#`T=S$\@/IC?@_2OJ'X9_`/Q+_P5J_;=TWXU>-]!U#P[ M\&/!.V/PGI6I0^3`99FN[2W0O/<6,BCS&11RQ1E#;1DD9XKWL+B(4G3P\GWOY-GY=F M^6UL93QF:0B[-QY5U<8.[:7F?H!H'/&'B72_#OC_P`-VD>G7L6IW*6ZZD(U"K<1.Y"L6`!9 M/VY?A/^SQX0NM8\4>-_#T$5O'N2T@O([F\NF.0J10H2[LQX'& M,GDBO%K86I&JZ;3O<_1L!G.$K82.(51)65[O;35/T/&;">/5O^"Z%^;=A+_9 MOPBA2YP?]43J;L`?P=3QZU\G_P#!S<2?%'PD]?+O/_0HJ^L_^":7PY\4_$'X M@_$7]H3QUI5UX>UCXJW$,.B:/=`K<:7H]N-D`D!P5>3"N5P/N@_Q5\@?\'-' MB&PN/B%\+=-CO;9]0L[:YFGMED!EA1G3:S*.0&VG&>N#7I8-IXN,5]E6^9\7 MGR?]A5:TE;VE3F5^S:M^1^G'QA^"5S\=_AO;Z%_PEWBGPKIUW;^5>_V%+%;W M%VC*!L\YHV>,8S_JRI.>M9G[+G[$GPW_`&.?#\^G^`?#%MI+WF#=WLCM<7MX M>O[R9R789[9Q[5Z-X'URS\2>#M+O]/N[>^L;VUCF@N('$D%]+GW>&P5"7L\0XWDDK-ZVTZ7V^0W:<`CK3J**P/2"BBB@`IH M4Y.TU&V2Y@8@\$HX(/XUYPW M_!.GX#28#?!KX8LJG(SX;M&Q]/D]*3]O+]K"?]C?X+V_BR#1DUQY]3BL#;M. M80`ZN=^1GILKX\_X?[ZGQCX;VG_@R/\`\371259KW'H<.)P^%G*]:";\TF?8 M8_X)P_`'J?@O\,2??PU9_P#QNM+PA^PK\'/A[XBM]7\/_"OP!H>K6>[[/>V& MAVUM* M6^_X+RZWI%;?68YS=+?QVH6Y67^_P"8/FW=>T!_["1X_\=I\?_!?35I655^&UHSL0%4:DQ+$G`'W>M*5& MM+XM?F:4(X:C?V,5&_96_(_1#QQ\/]'^)/AN[T;7]*L-:TF^7;<6EY"LT,P] M&5A@]!UKS;3_`/@GO\#M,O(;BV^$/PWM[BV=7BDB\/6J/&RG(*D(""/4=*^/ M]1_X+O\`B'2!&;OX5BU$OW?-O)$W?FE5?^'_`#JG_1.+3_P9'_XFBG3KQ3Y7 M;YA7IX6I)2J13:V;2/LOXS_L!_!W]H74I+_Q?\._#>JZE(`#??9A#><#`_?1 ME9../XJYGPI_P2F_9_\`"6L0W]O\,M$N[BW97C&HRS:A%&R\J0D[NN0>AQ7R MV/\`@OUJG/\`Q;>TX_ZB1_\`B:O:)_P7/\4>)O-&F_"6743`-TGV:YEF\L>I MVHA^%=(M-#T:%B\=I;+MBB)&/E&>.G:OS\M M/^"]FLW]RL-O\,X)YW.%CCU!G=N,\`+D\4^__P""\VO:5.(KKX71VKL-P6:] M="1Z\K53A6:Y6_Q.>C2PE.3JP@DWU2LS])BI!X#&V1G#?4"OS6;_@OQJ8 M)'_"M[,C_L)M_P#$T+_P7XU5R`OPVM2Q[#46/X?=]ZGZM5['0\33MN?H#\3/ M@AX1^-&C'3O%WA?0/$UB?^6.IV,5T@^@<''X5XQ>_P#!(K]GN_NY)3\.[:W$ MG\%OJ5Y;QK]%24*/PKYQU#_@NOXETF`RW7PG>VB!VEY;J1%!/;)3K[=:I-_P M7XU13C_A7%H?7_B9G_XFJA"O%:-J_F<>(PV!K2O5IQD_-(^O_A]_P3?^!GPP MOTN]'^%WA&.\3D7-S9+>7`([B2;

7 M<683RXIEX^4JN,CC&*_//_A_OJG_`$3>T&/^HD<#_P`=XJY??\%VO$>E0I)= M?"DVTXKW&SLTLK2*"-2L<*!%&2<`#`&3R:_ M-7_A_P!:F?\`FF]F1_V$F_\`B:7_`(?]:IQ_Q;>SY_ZB1_\`B:J=*O.W-K\P MP\,)0O[&*C?LK'WQ\9_V>?!7[0OAU=*\;>%=#\46$;%XXM0M4F,+'^)"1E6] MUP:B^#?[.GA#]GSP]+H_@[1H]%TB4Y-G'/(]NIP?NH[,%![XKX;M_P#@NCXH MN[=9HOA+)+"Z[E=+J1D8>H(3!%9__#_C5.3_`,*WM.O_`$$C_P#$TE3K-%]I[7E7-WMK]Y];?$_\`X)F_`GXP:]-JFN?#+PW)J4[%I;JTC:PFE)/) M9X"A8YYYS3?AW_P3)^!GPLUZ/5-)^&V@/J$#^9#/^0D?_B:ED_X+T:W':QSM\,8E@F)$7%N1GF-YBY0^ZD5\IWG_!=;Q)I<`EN M?A2UM$6"[YKR2-6[MZG`\ M!EZJ>U]E'F[V5S]*!$XZ`#'I7EOBW]ASX/>/_$5WK&N_"[P#K&J7SF2XN[W1 M+:>>9CW+LI)_.OBG_A_SJF#_`,6XM"!_U$B?_9:N7'_!=;Q)::1%J,WPH:+3 MIR1%=M=R""0CLK[-I/T-1&E5B_==CIK1P]:-JL5)>:3/O_X;?"?PW\'_``^- M(\*Z!I/AW2U_X+=ZC\4_BWX5\,O\/[6S3Q%J]KIC3C4"Q@\Z98]^-O.-V<>U3+ M#U/B:-J=6G%*,=$?H910.@HK$Z$PHHHH`*#GM110)GQK_P`%R.?V.K`#DCQ' M:_\`HN:OR-K]L/\`@IW^S9XI_:F_9WMO#7A*"SGU.+6(+UEN;@0)Y:)*#\Q[ MY85^?_\`PY=^./?3?#Q/_84CKMP]2*A9L\_%4Y2G=(H_\$?FV_MH69:7R`NB MWY\TKN\K$)(?'0[?2M7]OS]HGPM\2O@?X1\-)XT7XG>-='U*YN;GQ"-*%E]F MM6)VP<`;L$@>^W)K2\!_\$HOVC_A=KZZMX:FTW0M42-XA=6>LQQR!'&UER!T M(Z^M8[?\$7OCD[LS:=H#,YW'.JQ\GO\`C57AS7N2HSY+*)\G;0A(%=?^SZ#_ M`,+\\#@8.[Q!8#!Z_P#'Q'D8^G>OH$_\$7?CD22=.\/$G_J*1U9TG_@CI\>] M!U*UOK&TT*UO;*5;BWFCU5`T,B$,K#W#`&M)5(6W,XTII['T;_P4?\4-H/P` M^+S7NIW7CRQUC6[;2[*Q2T18_`LZ1QLSO)C=\^59<#!+#GJ:_+DG))&,&ON2 MZ_X)S?M77?\`PD?G:_'./&"J-./^HI'449QBK7-*L)3=['R;(2$;`YP<9.*^^?BC\2?B1^SA^S?\&HO@-87 M,/A?7=)CO=0U+2M+6]GU#4RV)(Y\HV.F.<L1/"KL`"ZJP^5N!TZ_4:?\%7_#MEIGQ/\``^HW&GV>D^-/$7AB"^\5V=JH1(KPXY9!]QS\ MX/<[17RH#GGCGTK["\6?\$C/VAO'GB&[U?7#I>KZK?OYES=W6LI+-,WJ6/MV MZ*'_;N\`J1D?:)N#S_R MP1_PFFA$8!_M*UYXX/G)_GK7T^?^"+OQQ[Z;X>)/_45CJ6U_P"",_QU MLKB.:*PT&.6!UDC9-6C#(P(((]"",YJW4A;QZ;_P63\;O<7>IZ&GB MKQKN"'_!%SXXKC&F M^'CG_J*QU%*<8Z7-*M.4M;'R@F/,0Y&`X.>F,$:/*W\CGYO+QSD9`Y]*^/O\`AR]\<^VG>'\@ MY4_VLG^?_P!5=T__``3Y_:W?Q/JFLOXE+ZKKEFNFZC=G7HVEO;8`@0R9&&0` MXP12J2C*6XZ49QC:Q\*+G:,L6..2>II>N1P<\5]8#_@BY\<0`!IGAT`?]12. MC_AR[\<>1_9OA[_P:QUK&I3ZLQ=*IV.R_9T_:9\=>'O^"7?Q%O;'Q%=07G@_ M5+#2='E$43-86S^6&B&5Y!W$?-DX[U\.8ZD$\G/-?9FF?\$J/VD]&\#ZCX8M M+K3[?PYJ\J7%]IJ:U&+:[D0@JSKW(*KS["L3_ARY\/_<5C-1"4$WJ M:3A.5M#Y/P:^GOCLH_X=.?^HI'6UJ?_!*/]I#6?!.F^&KR?3;KP_H\K7%CITFLQ_9[21LAG10.&(8Y M.>].4X-JS%"G)7NCXUZ<>GX5K?#_`!_PG^@@D?\`(3MO.?\`J*1U+:?\$:/CM8744\%CH,4T#B1'75D5D93D$>X/.:J56',2*"% M?&.HR0#GN:X3_ARY\/_<4CJ:52$5:YK.G)]#Y3M&5;J(M$LZK(K&, MDXD&X97CGYNGT-?H+^T_JEU^U?\`LM^)M;\+:YXP\#:7X&TRQ35_`VLZ0+2P M(0X0P3$.A(;`'&0*\HB_X(Q?'2&5)$T_0$DB8.K#5HP5(.01CH>!WZBO1 M?B-^PO\`M??%[P8GAWQ-XF76=%4@FUN-8>HF%%%%`PHHHH$T'UHQGC%%%)(+";/< MTN.GM113L,*0KGNBBBF*PF#ZTN.:* M*+#"DV XML 13 R39.htm IDEA: XBRL DOCUMENT v3.2.0.727
PRINCIPLES OF CONSOLIDATION (Details) - joint_ventures
 6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Subsidiaries [Line Items]    
Joint Ventures 2 2
University Business Center [Member]    
Subsidiaries [Line Items]    
Joint venture ownership interest 80.00% 80.00%
Joint ventures' assets, liabilities, revenues and expenses with noncontrolling interests 100.00% 100.00%
Castilian Research Center [Member]    
Subsidiaries [Line Items]    
Joint venture ownership interest 80.00% 80.00%
Joint ventures' assets, liabilities, revenues and expenses with noncontrolling interests 100.00% 100.00%
Industry Distribution Center II - undivided tenant [Member]    
Subsidiaries [Line Items]    
Tenant-in-common interest 50.00% 50.00%

XML 14 R48.htm IDEA: XBRL DOCUMENT v3.2.0.727
COMPREHENSIVE INCOME (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
COMPREHENSIVE INCOME [Abstract]        
Balance at Beginning of Period, Accumulated Other Comprehensive Income (Loss) $ (4,892) $ 592 $ (2,357) $ 1,629
Net unrealized change in fair value of interest rate swaps 3,122 (1,740) 587 (2,777)
Balance at End of Period, Accumulated Other Comprehensive Income (Loss) $ (1,770) $ (1,148) $ (1,770) $ (1,148)
EXCEL 15 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0````(`.EZ]$871Q9N\@$``+8@```3````6T-O;G1E;G1?5'EP97-= M+GAM;,W:S4[C,!`'\%>IG[_Y"G.=G88X[+J4_+?&(MM3U;'VGD:SRWV@Y%Y6VOO!M#H9-[+M MV!UDG;O5RK34N?;!YBUURJ7I4XY7LSL=THVV.07;#6P*[#]Y7>+L8PI&'TAW ML2=*=JAC>AHH'JN_C[Q4OJ*5?AC2NPH_W[LZT#"MB;WQSZ6N=SE+S+\MJQR- M;ZIPN/%OG1E;AN;']6\[ROD_7LO!3=S:X2KH1W-08'NR,95C;;49CXWJT87- M#^5):%^A-!8Z??_3T*=@9-/AA$B\JP\!TH<$Z4.!]-&`]'$&TL=G MD#Z^@/3Q%:0/OD!I!$54CD(J1S&5HZ#*453E**QR%%O1&2'4%[L4````K`@``"P```%]R96QS+RYR M96QSK9++;L)`#$5_)9I]<4HE%A%AQ88=0OR`.^,\E,QXY#$B_?N.V(#"0ZW$ MTJ][CZZ\#JFL#C2B]AQ2U\=43'X,JQW8OG*\M"_V/Z'D4X$G1H>)%]2-F`Q+M*;V" M^GH`A3&^.R6:E((C-Z."N[_8_`)02P,$%`````@`Z7KT1EWP<_ON`0``;"`` M`!H```!X;"]?K M'^G8E$/?Y?8PY,6?T['+J^G^NFI+&58AY$V;3DV^Z8?434]W_7AJRG0Y[L/0 M;%Z;?0I:U\LP7LZI'A\^SEX\;]?5^+R5:O&S&?>IK*O?_?B:VY1*#N>3W$P+ M3(_?AO2=Y?O=[K!)3_WFUREUY8N*\&^!*LP'Z7R04H)L/L@H03X?Y)2@.!\4 M*4'+^:`E)>AV/NB6$G0W'W1'";J?#[JG!$D-9*PY20AKCM8"N!:.UP+`%H[8 M`L@6CMD"T!:.V@+8%H[;`N`6CMP"Z!:.W0+P%H[>"O16CMX*]%;2MS;ZV.;H MK4!OY>BM0&_EZ*U`;^7HK4!OY>BM0&_EZ*U`;^7HK4!OY>AM0&_CZ&U`;^/H M;4!O(^V5H,T2CMX&]#:.W@;T-H[>!O0VCMX&]#:.W@;T-H[>!O0VCMX.]':. MW@[T=H[>#O1VCMX.]';27C?:[.;H[4!OY^CM0&_GZ.U`;^?H[4!OY^CM0&_G MZ!V!WI&C=P1Z1X[>$>@=.7I'H'?DZ!TO],YM,Z;M2QD/W3Y?N^:_X;#H`N]< MWH[I^BGGJ;#A0NLRK93"^7CU%_D\]6](^/1CP>,[4$L#!!0````(`.EZ]$;' MYH>?80,``"`-```0````9&]C4')O<',O87!P+GAM;+U7T7*B,!3]E8Q/NP\M M;K6=W8YE)D(LF2)0`N[N8XJQ,D5P2.JT^_5[`>MJ&[#MP_IBN)R;<^Z]AZ"C M7/8O@[)8BU*E0J*G59;+2PA>]99*K2\-0R9+L>+R%"`YW%T4Y8HKN"SOC6*Q M2!-A%\GC2N3*..OW+PSQI$0^%_.3]6[3GCFJ6/!ZG:4)5VF1F],T*0M9+!0B M3XG(1L9K0)T!.S.1/):I>C;[#68_5&-8PC-A`9>YX)D4#>I?L,98Q6K-\V>C MN7+3_$'&ZZBPN1+[68L,_.E M%S-1RJK2;V>G??CL6O`2;_86?)[F]P%/2VF.-NIR(Q)5E-LQ;=1GIS0ODFKH MDO`EZJ_]2*NJ:71IP/>GO5 MOVR!>#Y')%=@1T3SA@J&M]^2W:[U,81L=$8N]BS"&(.(1%#)RC^1,[@ M>`Z+X&M*/,#[$T0]R_]HCN5@[Q,Y%Q_.PC;!U&].C]`YQ;33Q0\2P2Y!-68L#_,@A(<*,@;5: MA([U"K%E^7$UD`#_QF,@:<1980SS(K\ZV%R*Q]2EK;V!DF%^#O$8G9':O%/2 MHBVD,VA-C6)1&#<.J80XQ+[6YA`<>M2[!MF@A#DXU&_-(M^Z.0$_03&5'A#3 M;HZ0LIN&-H8'-8PP]5J+"XD%(M&V>Z"DRW09O?;HA%KXE21X&*SV"G0N1U\B?@=']=>C-NM& M5G[K1G0:;W#V/N-U4^@<>$QVAQ4'Y^^T8C='FR>W61^WSD!_BG:B+K>=I M,X4M%$\S>>P,W`'UE7>>AD/]R#M/PZ'^'7IHTTY)C4\[(9U&'>K?E!JC=G+H MG7I$>8=5AS_>;=5.DG:OUFD?]^JY?LIOCCF]KC>_-%_]KC0._P^9?P%02P,$ M%`````@`Z7KT1K>>(B\^`0``:0,``!$```!D;V-0OXZ24CDOKX=%;!QXUA(M]4YO`I9LG&T3'&0MR`XT(DUAA8G)E?2,PAG[- MG)!;L0969-D5:P"%$BC8`9BZ@9A4I9)<>A!H?8]7A4JNE]C='@Y<65KZ[MCZD?T[555 MGU!+`P04````"`#I>O1&F5R<(Q`&``"<)P``$P```'AL+W1H96UE+W1H96UE M,2YX;6SM6EMSVC@4?N^OT'AG]FT+QC:!MK03621 MA'^_1S80RY8-[9)-NIL\!"SI^\Y%1^?H.'GS[BYBZ(:(E/)X8-DOV]:[MR_> MX%#BVR]*+41B1%G\@MNN01.+5)#3(3 M/PB=AIAJ4!P"I`DQEJ&&^+3&K!'@$WVWO@C(WXV(]ZMOFCU7H5A)VH3X$$8: MXIQSYG/1;/L'I4;1]E6\W*.76!4!EQC?-*HU+,76>)7`\:V@S&L%&KQMUAVC2 M/'K^!?F<-0HACA*FNVB M<5@$_9Y>PTG!Z(++9OVX?H;5,VPLCO='U!=*Y`\FIS_I,C0'HYI9";V$5FJ? MJH,@H%\;D>/N5Z>`HWEL:\4*Z">P'_T=HWPJOX@L`Y?RY]SZ7ON?0] MH=*W-R-]9\'3BUO>1FY;Q/NN,=K7-"XH8U=RSTS0LS0[=R2^JVE+ZU)CA*]+',<$X>RPP[ M9SR2';9WH!TU^_9==N0CI3!3ET.X&D*^`VVZG=PZ.)Z8D;D*TU*0;\/YZ<5X M&N(YV02Y?9A7;>?8T='[Y\%1L*/O/)8=QXCRHB'NH8:8S\-#AWE[7YAGE<90 M-!1M;*PD+$:W8+C7\2P4X&1@+:`'@Z]1`O)256`Q6\8#*Y"B?$R,1>APYY=< M7^/1DN/;IF6U;J\I=QEM(E(YPFF8$V>KRMYEL<%5'<]56_*POFH]M!5.S_Y9 MKF4Q9Z;RWRT,"2Q;B%D2XDU=[=7GFYRN>B)V^I=WP6#R_7#)1P_E M.^=?]%U#KG[VW>/Z;I,[2$R<><41`71%`B.5'`86%S+D4.Z2D`83``>LX=SFWJXPD6L_UC6'ODRWSEPVSK>`U[F$RQ#I'[!?8J* M@!&K8KZZKT_Y)9P[M'OQ@2";_-;;I/;=X`Q\U*M:I60K$3]+!WP?D@9CC%OT M-%^/%&*MIK&MQMHQ#'F`6/,,H68XWX=%FAHSU8NL.8T*;T'50.4_V]0-:/8- M-!R1!5XQF;8VH^1."CS<_N\-L,+$CN'MB[\!4$L#!!0````(`.EZ]$9((V:F M:`(``"@,```-````>&PO8H6HD2LSU3"XD0TJ_RL*K2HE15ID@1KVQ[\\\ MA@B'<J`JFHN8K@M(6`B[\3&8[@T^7'7[50MQ^`&R\^75SX3U>W0_S2 M3EQ!X#B^91$,9E/HO9YTY.MG+[.='=#/WDC_$OF`^GH/=:M%\"XDVP7C:"["#SIL(F6'99@[@%HI# MBG.E`R0IEF94HC32A5*":2,CJ!`<44.YC6@,39MB2A_-%_HSW^%>Y\#YF#/V M(3`JMJ;>B,;LRL!NJM=G<]Q]VLE1O&"=MPET-"I+NOE*2<$9=F(=-!?-VR'Z M8`]]'*(M*U@*29ZUORF$5`-80K#"4I&TC_R6J%S@M6HJV%OG^Q0>N^13:GK_ M7>O4Z!+\U]MS='(+W=+FER??C([-<)!S)/KLQTLU-(>^^"_E^[ M,SM?:6=;4Y.;: M:=>M-6>V[AJUG54HT=?VG2R:+,,YJJEZ("NA[&0$._N[D1_,6J]%2Q'!SOZ! M,U(S=VGL_AO$?P!02P,$%`````@`Z7KT1FV;S;6L!```ZQ````\```!X;"]W M;W)K8F]O:RYX;6R5EVV3FD@0@/_*%)]R'W+*F]G=BJE"&->IN&`8].X^LHIQ M*@@68#;)K[\><#>-]GJWGY27>>ANGF9F/M9W3V7U[;$LO[$?^[RH[ZJQL6N: MP]U@4*]WV3ZM_RP/60'7MF6U3QLXK+X.RNU6K;.@7!_W6=$,K.%P-*BR/&U4 M6=0[=:B-$ZW^/[3Z4&7IIMYE6;//.]@^587QZ6-]MU5YMLJJ&L`L/1S"=)^- MC1^YP?*T;OA&-=EF;#AP6#YEO1/5\3`YJEP?N$/7&&C8N5>%VJM?.FXXJG?ETZRLU*^R M:-)5J^;GV&C_ MYYG.9'"62EO^W_]8T1;G^16SM-@P7C1`8:+H7AZ41L<`-XM-^^#J3L&?2FS, MKE08Y$>AC.8B\!(>L(DW]T*?,SGC/)'L/5LBD(5`UEM!-@+9"&3_!T@F\//` M0X!$4R9"/T(@!X&<-X'\F1"OH!H%N M$.CF$C3QI&B'+6(N`>$E(L*5N47#;R^'+V)X)6(QY]VC7Z+J0\PA=G!XB5E* MKL=SF8@'R$7BL3U_"8%C[LWU2!@'240+'B>B3\#BFH2Y`5_Q>;30%<3#L*8F MX>ED*47(I82T'R8B;).6S`L#YOE?E@*CL*@F82K.8<;G`9M&,9/>G+-`R)[R M)E;5)%R-DAF/F2A\TT"34#/NEECP4T"0,]WX^66KF%]X\W@4B[Q/UX M"4;ROS$**V@2#G8ASX4W$7-Q_O*P@"9A(!0?U)WQ4(H5;S\0#QQ_M+!Z%J%> MP&.Q@G?7#I9)O.P:26YY.P4":1 M__D]]"/43R<%&9WWD865M`@E8R$_=[$OX>L;)YX(S^II814M4D4?"L!.KQ?2 MT4T51IIWUB`65M$B5)QZ(F8K;[YLFWL*+0+?"A#]5&>,PG9:A)UR.9'\RU)' M!LT:]M2VL*H6H:H4]Z&8"M\[RPL^5?Y9=;"J%J$J_;%A[V#JS[/Z#XS"XEJ$ MN+A1*8"-S;5)7FU=V\(H+*U-2'O1NF1`O0F?G/$O>Y@$87EM M0MZKS6R[&(7EM0EY+YN9C`B+:U/BOM+5)QA&88UM0N.K[63C.=_&&MN$QE>F M;?8NZ$6%-;8)C5_KB"!K4I77>+6&A79(H5_FX9?QN-@.%MLAQ+XZ(SM8;`>+ M[1!B7YV1';R:=;#=#F%WO]&IO'KK6%+KR2L5P18[A,576]W!*U<'F^P0)A.M M3D6$+7;(E2O5ZQ0)2^P0$E]M=N<6H[#$#B$QU>Q$2"XVV"4,?KW;6QI&89== MPN6KW>YBEUWLLDNM+,XG3SHY[+%KG[:BOW>?L`%71;;1>_.Z?01L;M=ZPPX_ MW3+;O1&(L7'J8D"``"`"0``&````'AL+W=O9X'@=B=:$/$&SO35OUS8+PA4CWR M8R#.G)*],35U@,,P#1I2M7Y9F+%W7A;L(NNJI>_<$Y>F(?SOBM:L6_C([P<^ MJN-)ZH&@+(+!MZ\:VHJ*M1ZGAX6_1/,-RK3$*'Y5M!-W]YZ>_):Q3_WP8[_P M0ST'6M.=U"6(NESIFM:UKJ3(?VS1&U,;[^_[ZM_,[B(D:WJ+[S7D"ZY5:ZX=_!-'UN8V8&O` M@P$GHX;(&J+!@.)10VP-\5!@HUB!`@V*0-5V`K#OLF-CQ\\!:U!$SQ4;4,2O MIQ`]3B&"-4;&GKRVQX]V&%S&QIZZY@>*%2BRUX#$"4B,??8(:(TB`0`HXCP- MP]>0U`E)38E\9!6@0!,(F9.0@1^-(*P$OT;,G(@9^)U9L0@KF1"6W(G(P9^, M(/+)JT"ADV&&586Q3/6:":E"R$VQG>L,5@J=U6OR),Z263@E7@B[:=A6>A[C MM=5$.$)QB"=\4E#D9D%'XW"D908-FM#XR-WY"!H;.R.=68[53$F#N_T1=#<> M2W6OF1!KY.Y_!.V-QX+=:]()%/&0Y=Y3]02P,$%`````@`Z7KT1MM9J&BZ`P``JA$` M`!@```!X;"]W;W)KQWKJC7?^FQX;9JR_^_1U-WM80<[?^![]7(9IP/Y M89\O=:>J,>U0=6W6F_/#[BO<'ZF:D)GXNS*WX=W[;))_ZKH?T\Z?IX<=F1Q, M;9['J45I-V_F:.IZZF3/_*]K^NN<4^'[][[[[_-PK?Y3.9AC5_]3G<:+M26[ M[&3.Y6L]?N]N?Q@W!C$U?.[J87[-GE^'L6M\R2YKRI^XK=IY>\-/%'%EX0+J M"NA2L)PG7,!<`?M4D*/9/*[?RK$\[/ONE@W7O:QGF,] MP_I/BNV,%#@(1$`SJ@L@A*RC1X5XDD^ M.NBCT4=%?!"!C6^XHR#)!4A09CYL;73$QC$:"J!Q(T\R,4]E@A6$K3`?>>1< MCXZ!@C"N-F;*LT(*1=.N'82#%S!Y>4+R0CAZ`=.2![/7C\WELQ(2-A+%MQ-, MRK2U"^'P!0Q,'DM?SPA!R,92<2A3Y!.Z[A4.8,#,Y+$$=@PPQNA&JCA4:TX2 M%TXX@:%P4Q'3\C$-Q48">U)SEKAPP@D,&)H\%L&.H5*)K67C2:'3;J$03F#` MW.2Q"'8,V!L#6?V]X;T\2PA-#1H=7LZ8H5QM=Z#A`*48>3P6H([9F.T0M6X3 M#DZ*02=BP>F8J,IG9-V#ACTP)@7$/)!14H+:N.`+RAD3:?,3#E^*:2EBX>N8 M.V;C1&_<\!:6$"5HFEDX?BGFI8C%KV/N0,J-]/4D94*F687#EV):BECX>J:@ MA&Y-ET,E`$U;MS21ASS'Q'U/N:<^S:S^F\G=/U=?RQ?Q5]B]5.V1/W6@?T.?G MZ'/7C<;V(E_L8"^F/"T[M3F/TULYS0+^E8`[8W?U_XPL?\\<_@=02P,$%``` M``@`Z7KT1KC8+BX3`@``#`<``!@```!X;"]W;W)K]%>DTBBLRH62-R^?8&_29,= M-%LOPH?G''X@@7SDXDW6C"GOO6M[N?5KI88-0G)?LX[*%1]8K]\NH^//,6CYN_<"_=+PV MQUJ9#E3DZ.JKFH[ULN&])]AAZS\%FW)M%%;PLV&CO*E[AGW'^9MI?*^V/C8( MK&5[91*H+LZL9&UK@O3`OZ?,?T,:XVW]DO[5SE;3[ZAD)6]_-96J-2SVO8H= MZ*E5KWS\QJ8IQ"9PSUMI?[W]22K>72R^U]%W*)O>EB.\2=:3S6T@DX%<#4&T M:`@G0_C!@(#,SNL+5;3(!1\].5#SL8.-E@L3HI,]/1FIU\EF"KM217XNXBQ' M9Y-S)R%6\@P2,J\H01'BJP3I\9T0Y!X".I\(0*P?^\-[?P3^T/H3?(_86TD& MDP`)7F&,@WE9Z93-TD1.F@AHG,/$0`.2%,,S+RQGA+-$L9,H!B*R0`22D(1! MA,D">GD1DI#$6?J8*'$2)4`4+A`EGR5*_I,H=1*E0!0M[*'T5 M/@/M477@7#&=@%&G`L?`VE;1'@HL]M">E5B)C;4L5U*2[;^O)`[M M)!B/B>YA8RO/##D?Y$LQB[>F_=GMJJK/?M6'8W<_V_7]Z6X^[QYW55UV7YM3 M=1Q^\]2T==D/7]OG>7=JJW([&=6'.0AAYW6Y/\Z6B^G9]W:Y:%[ZP_Y8?6^S M[J6NR_;?575HWNYG_^]%%.?QXK=;5X3!Z&D;^!YU> MQAP-WW^.WG^;PAVF_U!VU;HY_+W?]KMAMF*6;:NG\N70_VC>?J\P!C,Z?&P. MW?1_]OC2]4T=36997?X*/_?'Z>=;^(T7:$8;`!K`V>`\#FV@T$!=##1KH-%` MIXY@T,!\&F$>8I\RMRG[L.Y5C/\F[`6]')X/G;$A7-U1B\ME.M5@N M7I?6+>:OHY\/"$S("A%_'=D$1)Z)^3`^.0F842/`9`[7!U@'0C-3N.FC^.SC MZB35QTFJD"D5TI#?MM)P0&_(0$.,\N.O4&BGEA;Q.;0(E MI=$"KF,%8L(.H]Z.S)"1F1`9.9M@MPJ(),,*R!H1?QW9!$3IZTAA,#FW8[%D M+#;$0J8,8[&Q2IJ9R-K&*LFJZ0L$Y6-5;(J89$YLG]=B"PA,Y[,C`_V M3,RK@$@K-%=HI(P%PV0F4`JT)5<,)@8I896['5=.QI6'N)BYK'+LWMQS%8_4 M4$PFKD`I*X$K.%):`=R.2PHRL.GQ$!DSS@J9H4N9CE\C!;GA5B=27AFN8DA9 M+6Q"9)*.+.B-8[ILA0PSE34BDNNPS6T_!>'G>D1`1Q3$R3'Y72&CAHU'<5$A M9GS.Y&<31[0YN_-$3)IWJ_5Z=(J.+FBG8W;"%3+#:9:6M1B=BFL1F([=(*:\ M$6SE$#,RJ1L_"3MNK#)HJ$^I/BV@,JB6YQ04F2]>>[;Z$?,YNU81DPX\PQ47 MSON$DY.D154&_?*,T%9DO4G'BA,VH8I*D'V@@M#E*9=XM,PIR?0!;I?JALSA=JEXF^RQ^;EV(?+RO/3\ZW]-QCOA3\]7\F[M22>;^1=$>[D+^Z7 MBU/Y7/U9ML_[8Y<]-'W?U-.E\5/3]-4PXZ%G9]FN*K?G+X?JJ1\_NK$`X68^ M?.F;4_Q#P_FO'O1&@=D;0SH#``!R#P``&````'AL M+W=O^W5S&N/M^474K\V1\]9Y+XNJ6;C' MMCT]>5ZS/?(R:Q[%B5?=)WM1EUG;7=8'KSG5/-L-167A!;Y/O3++*W%B]SQQJ_\<&S[&]YR[DUUN[SD59.+RJGY M?N%^0T\I"GID('[G_-)\.G?ZR;\(\=I?_-@M7+^?`R_XMNTCLN[PQM>\*/JD M;N2_$/HQ9E_X^7Q,3X;'[:;_DC5\+8H_^:X]=K/U76?']]FY:'^)RW<.ST#Z MP*THFN&OLSTWK2C'$M)&?1#Z4J0L"*`BF`H2,!2$4A!\%H;$` M0P&>"@)F+"!00*:"D!H+*!30CP+S"`P*V%2`A^7WI-UA;399FRWGM;@XS2GK MWUCTU.%U'](E.]V"--U:#YGUL-K+^=MR1N;>6Y]SA00#L@*$ZI$U($R/;`") M]$@,R$R/)!(AH1Y))8)\?V*\SH9227"M!$LE`02@ZT&J@:'2B60((Q01/;:6 M6*@G-I*(&`Y#0U`LL8?0]R,2Z+D$N"`D3$^EDL(XHG9'X;6C4#H*P5%@#\!* MR1@"E&Z(E"R9`+,`ZZFUI'P]L;$2\3@2IH;Y)-:<%'(HLFLA2BT$M!@>>"49 M$BE7&*00JQ0K$5N)Y(Z9I+(QK;P2^OL?=I9G+(#_YG5A[QJG!?1=IN4 M82^Q%Z+E78K_V)D_=AO@Z:+@^[8_9?V2R"VAO&C%:=SA3MOLY7]02P,$%``` M``@`Z7KT1JPQW>##`0``K`0``!@```!X;"]W;W)KVB7NMQB[$Z]L")6HD1!K/2"P],3+LHB:X3+_34:SN! MFQK/=2WE,"@J!B2AVT6?DNV^L@HG^$%A4C=]9+,?A'BU@V_M+HIM!&!PU-:! MF.8"3\"8-3+@7\'S+](6WO:O[E_<;DWZ`U'P)-A/VNK>A(TCU$)'SDR_B.DK MA"T4UO`HF')/=#PK+?BU)$*"CLREG"3;V MBXSTGI%Y1AH8V6.#[-X@]P99,,CO0PY.L_$A@V9U(_HG)5^DY(%2+%$*3PF: MDZ5YO'F'P3=' M<20G^$[DB0X*'80VA]H=ODX(#<8E7AFWWEP=\X!!IVVWLAC_-_F!%N/U;I@O MJ.8/4$L#!!0````(`.EZ]$9/8(FR&PO=V]R:W-H965T M&ULC9A;;Z-($$;_"O([8[JJFTOD6(I9K78?5AK-P^XSB3NQ M-6"\0.+9?[]`5Y.+RN56I-C&IXNO+QQP;RYM][,_6#M$OYKZU-^O#L-POENO M^Z>#;:K^6WNVI_&;Y[9KJF'\V+VL^W-GJ_WM0'T_V>Q?UKTU3=?_M;-U>[E=JY0_\.+XKM9+^WVQ\:>^F-[BCK[ M?+]Z4'ENV]3_'_7`8TR:K:&^?J]=Z^-%>_K#4 M!S,5?&KK?OX?/;WV0]OX)JNHJ7ZYU^-I?KVX;_*$FO$-@!K`TF`Y#]\`J0&^ M-]!S3UVRN5^_54.UW73M)>K/U33;ZF[$NZG(6#D:.]./XS37[.:1VF[>MDH5 MF_7;5.@3`S.S(V8AUF-U]A2PXIK#W!RNGZ!TA+Y]`OQ\`G?P`5T^2&X7T)\+ M:%=`SP5R\SGB:492UPF'@,Y`7Z=*1ZDL,^GM+(;MC*'.!`QWRG8FI0+`Y32N M-X[!5$%ZG2J)TOBAUM4P&1LFHS`HA,DH3)()61P$.02LDIR-DE,4=OXHBF-B M3,1Q(:HPMZ,4[!P7%"6@@$K8SLR'IQ)"SAU!B%KJ#5$`2<`L*\7'(46`,(4[ M@F*=YX64AS#\N&JN!P(^D%-*+JT[8F(0)]M3>8!=%/)AO*!R*8V#3)&FPI5; M>@SS)$`Q2K/K3Y&GH`@H8?@^D:*$""55+0O5088P6UFKIN72\G81$XH4*)%0M M"96@6*7CGS`CY0*.C@^Y\0#O52"O:LFK!,5IGDA<"8M_E0D0*_!B!1*KEL1* M4&:21+Q"\F!]\%H%TJJ6M$I0;/C?/#X+43I@:)`W*Y)9I=6Z(VB2AQ%2EPNG M51YPK2+O5R0I2@_%.X*,M'B(P2S!D#2\79'L*GE\YR'Q(:TJ"-!0ACPG(*QJ]HH6?+SN"Q(5# M=4(&AC1HV*6T%>2@MI!VCTF,9FJ\V7W_8J6ML]S+O8/;14_MZ&MPNVG)TV25] M@&FG[\OQG;HKW5[G>YGMYER]V+^J[N5XZJ/'=AC:9M[N>V[;P8[)DF_CD!]L MM5\^U/9YF-YFTURX'4_W86C/?@-WV47>_@]02P,$%`````@`Z7KT1EG?@JG) M`0``0@0``!@```!X;"]W;W)KX!97]G(Y7Z4\LUMGIL=3EP*P*`V3H':Y005,.:$;."_4?,2 MTA&O[;/Z3U^MS?Y(-522_1D:T]MD$XP::.G$S*N8W:ZOPQL/&R/$\L@_(HP$``+$#```8````>&PO=V]R:W-H965T&ULA5/;3N,P$/T5RQ^`T[0%MDHC41""AY40#^RSFTP2"]L3;*=A_QY? MTM"B2KS$,Y-SSISQI1C1O-L.P)%/);7=TLZY?L.8K3I0W%YA#]K_:=`H[GQJ M6F9[`[R.)"59GF773'&A:5G$VHLI"QR<%!I>#+MS\WX'$<4L7]%AX%6WG M0H&5!9MYM5"@K4!-##1;>K?8[%8!$0%O`D9[$I/@?8_X'I+G>DNS8`$D5"XH M<+\D^=TR$$_CH_ICG-:[WW,+]RC_B=IUWFQ&20T-'Z1[Q?$) MIA'60;!":>.75(-UJ(X42A3_3*O0<1W3G]MLHETFY!,A_T%@J5&T^<`=+PN# M([$]#V>WV'BX"2)>F7AOUH\=-4TZ?GO].4Y?9D<+B>'M[\+K,X%5DE@-0G\N31BPNPFS'7VHPD[V5,%IHU7 MQY(*!^W2EL[5^7;>Y?%,ON%ET?,6_G+3"FW)'IT_V7@`#:(#WSZ[6E/2^?&ULA5/;;MLP#/T501]0V4[2 M%8%CH&DQ;`\#BCYLSXI-VT(ET9/DN/O[Z6*[21&@+Q))G7-(BE(YH7FS/8`C M[TIJ>Z"]<\.>,5OWH+B]PP&T/VG1*.Z\:SIF!P.\B20E69%E]TQQH6E5QMB+ MJ4HLIEVFU#,A.(3@:5$LG%U_3--7V3*MRD[+N'KP6V MUP+;)+"=6RQNM9@PQP6S^92$7=RI`M/%IV-)C:-VZ4K7Z/HZ'XLXDP]X50Z\ M@U_<=$);&PO=V]R:W-H965T[#2E4?VF<'!K!J,ZQM M0O?OZPO09!6I+WAF..?,&5^*"?6[Z0`L^5"R-P?:63OL&3-5!XJ;.QR@=W\: MU(I;E^J6F4$#KP-)298ER8XI+GI:%J'VK,L"1RM%#\^:F%$IKO\=0>)TH"E= M"B^B[:POL+)@*Z\6"GHCL"<:F@-]3/?'W","X%7`9"YBXKV?$-]]\KL^T,1; M``F5]0K<+6=X`BF]D&O\=];\:NF)E_&B_C-,Z]R?N($GE&^BMITSFU!20\-' M:5]P^@7S"%LO6*$TX4NJT5A4"X42Q3_B*OJP3O'/)IUIMPG93,A6PD,2C,=& MP>8/;GE9:)R(&;@_NW3OX-J+.&7BO!DW=M#48?"R.)?I+B_8V0M=82+Q.&-6 M!'/J-UMD]!8]"_3L>_KFFKZ)#C>SP^WW`OFU0!X%\EE@=VO$B#DNF/O_FK"+ M/56@VW!U#*EP[&WQ3I>J9A8')8'LK[2\A-02P,$%`````@`Z7KT1GQ7/9*F M`0``L0,``!D```!X;"]W;W)K&ULA5/+;MLP$/P5 M@A\0RK*2N(8L($Y1M(<"00[MF996$A&2JY*4E?Y]^9`4NS"0B[B[FIF=Y:.< MT+S9'L"1=R6U/=#>N6'/F*U[4-S>X0#:_VG1*.Y\:CIF!P.\B20E69YE#TQQ MH6E5QMJ+J4HQHOZMSBM=W_B%IY1_A:-Z[W9C)(&6CY*]XK3=YA'N`^"-4H;OZ0>K4.U M4"A1_#VM0L=U2G^*W4R[3V=*VNM_,I MCV?R`:_*@7?PDYM.:$M.Z/S)Q@-H$1WX]MG=/26]?S]K(J%U(7STL4E7*B4. MA^6!K*^T^@=02P,$%`````@`Z7KT1GBA57>F`0``L`,``!D```!X;"]W;W)K M&ULA5/;;J,P$/T5RQ]0$Z`7102IZ6JU?5BIZL/N MLP,#6+4]K&U"]^_K"Z%)%:DO>&8XY\P97ZH9S9L=`!QY5U+;'1V<&[>,V68` MQ>T-CJ#]GPZ-XLZGIF=V-,#;2%*2Y5EVQQ07FM95K+V8NL+)2:'AQ1`[*<7- M_SU(G'=T0T^%5]$/+A187;&5UPH%V@K4Q$"WHX^;[;X,B`CX(V"V9S$)W@^( M;R%Y;G;4=)"QR?I7G'^!%T9G(D=>3B[S=;#31#QRL1[LW[LJ&GBX'5UK#?W><6. M0>@"DXC[!;,BF%>_VB*GU^AYI.??TXM+>I$<%HO#XGN!\E*@3`)E%"B*:Q,F MR+Y<>I1?>K"S+55@^GAS+&EPTB[MZ%I=+^=C'H_D$UY7(^_A-S>]T)8E`0``L0,``!D```!X;"]W;W)K&UL MA5/;3N,P$/T5RQ^`TS2EJ$HC4=!J]V$EQ`,\N\GD(FQ/L)T&_AY?DM"B2KS$ M,Y-SSISQ)1]1OYD6P)(/*939T];:?L>8*5N0W-Q@#\K]J5%+;EVJ&V9Z#;P* M)"E8FB2W3/).T2(/M2==Y#A8T2EXTL0,4G+]>0"!XYZNZ%QX[IK6^@(KT_O5[I!Y1`"\=#":LYAX[T?$-Y_\J_8T\19`0&F]`G?+"1Y` M""_D&K]/FM\M/?$\GM7_A&F=^R,W\(#BM:MLZ\PFE%10\T'89QS_PC3"Q@N6 M*$SXDG(P%N5,H43RC[AV*JQC_)-M)]IU0CH1TH5PEP3CL5&P^<@M+W*-(S$] M]V>WVCFX]B).F3AOQHT=-'48O,A/Q6J[R=G)"UU@(O$P818$<^I76Z3T&CT- M]/1W^OJ2OHX.UY/#V]\%LDN!+`IDD\#VVH@1O1&)[T$6*4!``"Q`P``&0`` M`'AL+W=OP)$W);4] MT-ZY8<^8K7M0W-[A`-K_:=$H[GQJ.F8'`[R))"59D65?F.)"TZJ,M6=3E3@Z M*30\&V)'I;CY=P2)TX'F="F\B*YWH<"JDJV\1BC05J`F!MH#?O MRG.5WW\MV3D(76$2\3AC5@3SZC=;%/06O8CTXG/ZYIJ^20XWJ?M#]KG`]EI@ MFP2VLT!^:\2$.2Z8CR[9Q9XJ,%V\.I;4.&J7MG2MKK?SL8AG\@ZORH%W\(N; M3FA+3NC\R<8#:!$=^/;9W8Z2WK^?-9'0NA#>^]BD*Y42A\/R0-976OT'4$L# M!!0````(`.EZ]$:3\\8]IP$``+`#```9````>&PO=V]R:W-H965T6CFM&\V@'`D795^8XD+3NHJU9U-7.#DI-#P;8B>EN/E[`(GSGF[HN?`B M^L&%`JLKMO):H4!;@9H8Z/;T8;,[E`$1`;\%S/8B)L'[$?$U)#_;/OJU.]N2\J=@I"5YA$/"R8%<&\ M^LT6.;U%SR,]_YQ>7-.+Y+!8'):?"Y37`F42**-`\>W6A`ER*)<>V_]ZL(LM M56#Z>',L:7#2+NWH6ETOYT,>C^0#7EQ/M+Z'U!+`P04````"`#I>O1&'.,6-J,! M``"Q`P``&0```'AL+W=O#+MS\.8+$\4!7="Z\BK9SH<#*@BV\6BC05J`F!IH# M?5SMCYN`B(!?`D9[$9/@_83X%I(?]8%FP0)(J%Q0X'XYPQ-(&81\X_=)\[-E M(%[&L_JW.*UW?^(6GE#^%K7KO-F,DAH:/DCWBN-WF$:X#X(52AN_I!JL0S53 M*%'\(ZU"QW5,?_+M1+M-R"="OA!V632>&D6;S]SQLC`X$MOS<':KO8>;(.*5 MB?=F_=A1T\3!R^)HN>1GG]-7U_3U\GA M>G*X_5I@``-H@/?/KN[IZ3S[V=))#0NA%L?FW2E4N*PGQ_( M\DK+OU!+`P04````"`#I>O1&U*(/N*8!``"Q`P``&0```'AL+W=OP)$W);4]T-ZY8<^8K7M0W-[A M`-K_:=$H[GQJ.F8'`[R))"59D65?F.)"TZJ,M6=3E3@Z*30\&V)'I;CY=P2) MTX'F="F\B*YWH<"JDJV\1BC05J`F!MH#?X#X(U2AN_I!ZM0[50*%'\+:U"QW5*?S:[F7:;4,R$8B7L MLF@\-8HVOW''J]+@1.S`P]GE>P\W0<0K$^_-^K&CIHF#5^6YRGHA>17GQ.WUS3-\GA)G5_R#X7V%X+;)/`=A;(;XV8,,<% M\]$EN]A3!::+5\>2&D?MTI:NU?5V/A;Q3-[A53GP#GYQTPEMR0F=/]EX`"VB M`]\^N[NGI/?O9TTDM"Z$7WULTI5*B<-A>2#K*ZW^`U!+`P04````"`#I>O1& MTW=&.J4!``"Q`P``&0```'AL+W=OP)%W);4]T-ZY8<^8K7M0W-[A`-K_:=$H[GQJ.F8'`[R))"59 MGF7W3'&A:57&VK.I2AR=%!J>#;&C4MS\/8+$Z4`W="F\B*YWH<"JDJV\1BC0 M5J`F!MH#?=CLCT5`1,!O`9.]B$GP?D)\#.7 MU*-UJ!8*)8J_IU7HN$[I3Y'-M-N$?";D*^%K)+#4*-K\SAVO2H,3L0,/9[?9 M>[@)(EZ9>&_6CQTU31R\*L_5YMNV9.<@=(5)Q..,61',J]]LD=-;]#S2\\_I MVVOZ-CGR0>\*@?>P2]N.J$M.:'S)QL/H$5TX-MG=SM*>O]^UD1"ZT+XQ<&PO M=V]R:W-H965T&<\Z<\:6N6'# MF*U[4-Q>X0#:_VG1*.Y\:CIF!P.\B20E69YE-TQQH6E5QMJ3J4H-\COH7D;[.E6;``$FH7%+A?#O`(4@8AW_C_K/G5,A!/XZ/Z[SBM=[_G%AY1 MOHK&]=YL1DD#+1^E>\;I#\PC7`?!&J6-7U*/UJ$Z4BA1_#VM0L=U2G^*FYEV MF9#/A'PAW&71>&H4;?[BCE>EP8G8@8>S6VT\W`01KTR\-^O'CIHF#EZ5AVIU M?UNR0Q`ZPR3B;L8L".;5+[;(Z25Z'NGYS_3U.7V='*YGAW<_"Q3G`D42*&:! M^TLC)LPN8?RU_=:$G>RI`M/%JV-)C:-V:4N7ZG(['_)X)E_PJAQX!_^XZ82V M9(_.GVP\@!;1@6^?75U3TOOWLR026A?"6Q^;=*52XG`X/I#EE5:?4$L#!!0` M```(`.EZ]$:,I@1PI`$``+$#```9````>&PO=V]R:W-H965TV>]LX-.\9LW8/B]@X'T/Y/BT9QYU/3 M,3L8X$TD*:5F6LO9BJQ-%)H>'%$#LJQ!DOZM_BM-[]D5MX0OE;-*[W9C-*&FCY*-TK3M]A M'N$^"-8H;?R2>K0.U4*A1/&/M`H=URG]>K MTN!$[,##V6UV'FZ"B%ORE.59YN2G8+0%281#PES1C"O?K-% M3F_1\]3BW_3M-7V;'&YGA_\A4%P+%$F@F`6VMT9,F,."*3XU81=[JL!T\>I8 M4N.H7=K2M;K>SL<\GLD97I4#[^`G-YW0EAS1^9.-!]`B.O#ML[M[2GK_?M9$ M0NM"^.!CDZY42AP.RP-97VGU%U!+`P04````"`#I>O1&+5Q`.Z4!``"Q`P`` M&0```'AL+W=O*VQOL0?L_#1K%G4]-RVQO@->1I"3+L^R6*2XT+8M8>S%E M@8.30L.+(790BIM_!Y`X[NF*SH57T78N%%A9L(57"P7:"M3$0+.G#ZO=81,0 M$?`F8+1G,0G>CX@?(?E=[VD6+("$R@4%[I<3/(*40<@W_CMI?K4,Q/-X5G^* MTWKW1V[A$>6[J%WGS6:4U-#P0;I7')]A&F$;!"N4-GY)-5B':J90HOAG6H6. MZYC^K+.)=IV03X1\(=Q'`DN-HLU?W/&R,#@2V_-P=JN=AYL@XI6)]V;]V%'3 MQ,'+XE3FV;9@IR!T@4G$0\*L%@3SZE=;Y/0:/4\M?J:O+^GKY'`].;S]66!S M*;!)`IM)X.[:B`ESF#'WWYJPLSU58-IX=2RI<-`N;>E276[G0Q[/Y`M>%CUO MX0\WK="6'-'YDXT'T"`Z\.VSFRTEG7\_2R*A<2&\\[%)5RHE#OOY@2ROM/P/ M4$L#!!0````(`.EZ]$81!QHVI0$``+$#```9````>&PO=V]R:W-H965TU#I2@/[;,7!K!B>ZAM MEO3OZPN0W6JEO."9X9PS9WRI9C2O=@!PY$U);0]T<&[<,V:;`12W=SB"]G\Z M-(H[GYJ>V=$`;R-)259DV2>FN-"TKF+MV=053DX*#<^&V$DI;OX>0>)\H#E= M"R^B'UPHL+IB&Z\5"K05J(F![D`?\_VQ#(@(^"5@MA:!8L M@(3&!07NES,\@91!R#?^LVB^MPS$RWA5_Q:G]>Y/W,(3RM^B=8,WFU'20LBXSNG/0[G0;A.*A5!LA,]9-)X: M19M?N>-U97`F=N3A[/*]AYL@XI6)]V;]V%'3Q,'KZEP7V9>*G8/0%281CPF3 M;PCFU6^V*.@M>I%:?$S?7=-WR>$NT?/L8X'R6J!,`N4BD-\:,6&.*^9_E^QB M3Q68/EX=2QJ&ULA5/+;MLP$/P5 M@A\0ZN6T,&0!<8*B/10(,F;H'QS\AOOKD5W.@B;<`$FKK%;A;SO`(4GHAU_AMT?QH MZ8F7\:K^(TSKW)^X@4>4?T5C>VLK,7NL)$XC%BT@W!G/K-%AF]1<]BBZ_I^34]CP[S MQ6'QM4!Q+5!$@6(1V-T:,6*.*^;^4Q-VL:<*=!>NCB$U3H.-6[I5M]OYD(4S M^8!7Y<@[^,UU)P9#3FC=R88#:!$MN/;)W8Z2WKV?+9'06A]^<[&.5RHF%L?U M@6ROM/H/4$L#!!0````(`.EZ]$8@G#!MIP$``+$#```9````>&PO=V]R:W-H M965T6CG-"\VA[`D7U#< MWN$`VO]IT2CN?&HZ9@<#O(DD)5F19=^8XD+3JHRU9U.5.#HI-#P;8D>EN/EW M`(G3GN;T7'@17>]"@54E6WB-4*"M0$T,M'OZD.\.ZX"(@#\")GL1D^#]B/@: MDE_-GF;!`DBH75#@?CG!(T@9A'SCMUGSHV4@7L9G]1]Q6N_^R"T\HOPK&M=[ MLQDE#;1\E.X%IY\PCW`?!&N4-GY)/5J'ZDRA1/'WM`H=URG]V6QGVFU",1.* MA;#-HO'4*-I\XHY7I<&)V(&'L\MW'FZ"B%ORE-5Y)N2G8+0 M%281#PF3+PCFU6^V*.@M>I%:?$U?7=-7R>%J=KC]6F!]+;!.`NM9X/NM$1/F M,&.*[%,3=K&G"DP7KXXE-8[:I2U=JLOM?"CBF7S`JW+@'?SFIA/:DB,Z?[+Q M`%I$![Y]=G=/2>_?SY)(:%T(-SXVZ4JEQ.%P?B#+*ZW^`U!+`P04````"`#I M>O1&HU/VJZ0!``"Q`P``&0```'AL+W=O+ZWQXD3CNZH4OA5;2=]056%FSE MU4)!;P3V1$.SH_>;[3[WB`#X(V`R9S'QW@^(;SYYJG6GG@>+^J_PK3._8$;>$#Y5]2V*\&3=VT-1A\+(XEFFZ*=C1"UU@(G$?,2<$<^I76Z3T&CV- M+;ZF9Y?T+#K,9H??$,@O!?(HD,\"V;41(V:_8/)/3=C9GBK0;;@ZAE0X]C9N MZ5I=;^=]&L[D!"^+@;?PS'4K>D,.:-W)A@-H$"VX]LG-+26=>S]K(J&Q/OSA M8AVO5$PL#LL#65]I^1]02P,$%`````@`Z7KT1N]X>>VF`0``L0,``!D```!X M;"]W;W)K&ULA5/+;MLP$/P5@A\02K*=!(8L($Y1 MM(<"00[MF996$A&2JY*4E?Y]^9`4.S"0B[B[FIF=Y:. MN6'/F*U[4-S>X0#:_VG1*.Y\:CIF!P.\B20E69%E]TQQH6E5QMJ+J4H#\AOH7D9W.@6;``$FH7%+A?SO`,4@8AW_COK/G1,A`OXT7]>YS6NS]Q M"\\H_XC&]=YL1DD#+1^E>\7I!\PC[()@C=+&+ZE'ZU`M%$H4?T^KT'&=TI]- M/M-N$XJ94*R$QRP:3XVBS6_<\:HT.!$[\'!V^=[#31#QRL1[LW[LJ&GBX%5Y MKHIB5[)S$+K").(Q8?(5P;SZS18%O44O4HNOZ9MK^B8YW,P.[[\6V%X+;)/` M=A9XN#5BPAP7S..G)NQB3Q68+EX=2VH&ULC53;;J,P$/T5RQ]0$PBD&Q&DIE75/JQ4]:'[[,!P46U,;1.Z?U]? M@"852OJ"9\RYS(#'Z2#DNZH!-/KDK%4[7&O=;0E1>0VE$)RJDTJ M*Z(Z";1P),Y(&`0)X;1I<9:ZO1>9I:+7K&GA12+5SP"D\;KTU5 M:[M!LI3,O*+AT*I&M$A"N<-WJ^U^8Q$.\-;`H$YB9&L_"/%ND^=BAP-;`C#( MM56@9CG"/3!FA8SQQZCY;6F)I_&D_NBZ-=4?J()[P?XUA:Y-L0%&!92T9_I5 M#$\PMA!;P5PPY9XH[Y46?*)@Q.FG7YO6K8-_??X]KK`^EQ@[076WC\*EEKTF/V$^463\:))[*M, MD@LF\6CRBT^1+)HDHT!TP63"K*^;;!9--J-`?,%DPB0_3,C)$>0@*S=I"N6B M;[4_@?/N/,QWH3O"W_`L[6@%?ZFLFE:A@]!F$-QY+8708.R#FQBCVEPW<\*@ MU#;&PO=V]R:W-H965TZ"]<\.>,5OWH+B]PP&T_].B4=SYU'3,#@9X$TE*LCS+'ICB0M.JC+474Y4X M.BDTO!AB1Z6X^7L$B=.!;NA2>!5=[T*!525;>8U0H*U`30RT!_JTV1^+@(B` M7P(F>Q&3T/L)\2TD/YH#S4(+(*%V08'[Y0S/(&40\L9_9LT/RT"\C!?U;W%: MW_V)6WA&^5LTKO?-9I0TT/)1NE>+S^G;:_HV=;A-[@]?/AS)A):%\)''YMTI5+B<%@>R/I*JW]0 M2P,$%`````@`Z7KT1N6AU'"G`0``L`,``!D```!X;"]W;W)K&ULA5/;;N,@$/T5Q`<4QW%OD6.IZ:IJ'U:J^K!])O;81@7&!1QW M_WZY.&ZRBM07PXS/.7-F@')"\V%[`$>^E-1V2WOGA@UCMNY!<7N%`VC_IT6C MN/.AZ9@=#/`FDI1D>9;=,,6%IE49^2@7BZ/ZH_Q6Z]^SVW\(CR732N]V8S2AIH^2C= M&T[/,+=P'01KE#9^23U:A^I(H43QK[0*'=S!!):%[:W?F_2C4J!P^'X/I9'6OT#4$L#!!0````(`.EZ]$;%J&PO=V]R:W-H965TN6'/F*U[4-S>X0#:_VG1*.Y\:CIF!P.\B20E69YEWYCB M0M.JC+474Y4X.BDTO!AB1Z6X^7L$B=.!;NA2>!5=[T*!525;>8U0H*U`30RT M!_JXV1^+@(B`WP(F>Q&3T/L)\2TD/YL#S4(+(*%V08'[Y0Q/(&40\L;OL^:G M92!>QHOZK4.U M4"A1_".M0L=U2G]VV4R[3%4:G(@=>#B[S=[#31#Q MRL3W9OW84=/$P:OR7.5%7K)S$+K").(Q838K@GGUFQ8YO47/D\77].TU?9LZ MW";WA_NO!8IK@2()%/.(VULC)LQQP13_F;"+/55@NGAU+*EQU"YMZ5I=;^=C M'L_D$UZ5`^_@%S>=T):OY\UD="Z$-[[V*0KE1*' MP_)`UE=:_0-02P,$%`````@`Z7KT1K^QL(RF`0``L0,``!D```!X;"]W;W)K M&ULA5/);MLP$/T5@A\0RK*<-(8L($Y1M(<"00[M MF99&$A&2HY*4E?Y]N4B*71C(19P9O66&2SFA>;,]@"/O2FI[H+USPYXQ6_>@ MN+W#`;3_TZ)1W/G4=,P.!G@324JR/,ONF>)"TZJ,M1=3E3@Z*32\&&)'I;CY M>P2)TX%NZ%)X%5WO0H%5)5MYC5"@K4!-#+0'^K39'XN`B(!?`B9[$9/0^PGQ M+20_F@/-0@L@H79!@?OE#,\@91#RQG]FS0_+0+R,%_5O<5K?_8E;>$;Y6S2N M]\UFE#30\E&Z5YR^PSS"+@C6*&W\DGJT#M5"H43Q][0*'=9]IM0CX3 M\I7P)8N-)Z/8YE?N>%4:G(@=>#B[S=[#31#QRL3W9OW84=/$P:OR7.7%KF3G M('2%2<1CPFQ6!//J-RUR>HN>)XO/Z=MK^C9UN$WNC]GG`L6U0)$$BGG$^ULC M)LQQP3S\9\(N]E2!Z>+5L:3&4;NTI6MUO9U/>3R3#WA5#KR#G]QT0EMR0N=/ M-AY`B^C`VV=W.TIZ_W[61$+K0OC@8Y.N5$H<#LL#65]I]0]02P,$%`````@` MZ7KT1NE%HRNF`0``L0,``!D```!X;"]W;W)K&UL MA5/;;J,P$/T5RQ]0$T)VVX@@-5VMVH>5JC[L/CLP@%7;P]HFM']?7PA-JDA] MP3/#N#;&C4MR\[T'BM*,K>BJ\B*YWH<"JDBV\ M1BC05J`F!MH=O5]M]T5`1,!?`9,]BTGH_8#X&I*G9D>ST`)(J%U0X'XYP@-( M&82\\?]9\],R$,_CD_KO.*WO_L`M/*#\)QK7^V8S2AIH^2C="TZ/,(^P"8(U M2AN_I!ZM0W6B4*+X6UJ%CNN4_A393+M.R&="OA!N(X$EH]CF+^YX51JIPG=SOBN\%BDN!(@D4\XAWUT9,F/V,V61?3-C9GBHP7;PZEM0X M:I>V=*DNM_,^CV?R":_*@7?PAYM.:$L.Z/S)Q@-H$1UX^^QF0TGOW\^22&A= M"'_ZV*0KE1*'P^F!+*^T^@!02P,$%`````@`Z7KT1A@I\PVE`0``L0,``!D` M``!X;"]W;W)K&ULA5/);MLP$/T5@A\0RK)=IX8L M($Y1M(<"00[MF99&$A&2HY*4E?Y]N4BR'1C(19P9O66&2S&B>;,=@"/O2FI[ MH)US_9XQ6W6@N'W`'K3_TZ!1W/G4M,SV!G@=24JR/,N^,,6%IF41:R^F+'!P M4FAX,<0.2G'S[P@2QP-=T;GP*MK.A0(K"[;P:J%`6X&:&&@.]&FU/VX"(@)^ M"QCM54Q"[R?$MY#\K`\T"RV`A,H%!>Z7,SR#E$'(&_^=-"^6@7@=S^K?X[2^ M^Q.W\(SRCZA=YYO-**FAX8-TKSC^@&F$;1"L4-KX)=5@':J90HGB[VD5.JYC M^K/;3;3[A'PBY`OA,8N-)Z/8YC?N>%D8'(GM>3B[U=[#31#QRL3W9OW84=/$ MP@&DXC'A+D@F%>_:Y'3>_0\67Q.7]_2UZG#=7+_^OBYP.96 M8),$-M.(^;T1$^8X8]8?3-C5GBHP;;PZEE0X:)>V=*DNM_,ICV=R@9=%SUOX MQ4TKM"4G=/YDXP$TB`Z\??:PI:3S[V=))#0NA#L?FW2E4N*PGQ_(\DK+_U!+ M`P04````"`#I>O1&6(#;4;\!``![!```&0```'AL+W=O]RCCC'Q:CTJ^D`+'H37)H#[JSM]X28J@-!S9WJ0;J;1FE! MK=OJEIA>`ZT#27"2)DE.!&42ET4X>]9EH0;+F81GC,`;/!^\ ML+:S_H"4!5EX-1,@#5,2:6@.^'&S/^8>$0"_&(SF(D8^]Y-2KW[SHS[@Q*<` M'"KK%:A;SO`$G'LA9_QGTGRW],3+>%;_%JIUV9^H@2?%?[/:=B[9!*,:&CIP M^Z+&[S"5D'G!2G$3OJ@:C%5BIF`DZ%MDHFV3D@G0OJ!0*)12/,K MM;0LM!J1Z:G_=YN]@VLOXI21R\VXLH.F#H67Q;E,LUU!SE[H"A.)QXC9+`CB MU%;IODJR;Y)/#E$Y,)DR#:W4*&7!V2=W&4:=>PF6#8?&^O#>Q3H.1]Q8U<^C MOKPWY3]02P,$%`````@`Z7KT1G@RY?^E`0``L0,``!D```!X;"]W;W)K&ULA5/;;MLP#/T501]0.7::#8%CH.DP;`\#BCYLSXI- MVT(ET9/DN/O[Z6([21&@+Q))G7-(BE(YH7FS/8`C[TIJ>Z"]<\.>,5OWH+A] MP`&T/VG1*.Z\:SIF!P.\B20E69YE.Z:XT+0J8^S%5"6.3@H-+X;842EN_AU! MXG2@&[H$7D77NQ!@5T"QWW*9T4V4R[3\AG0KX2 MOD8"2XEBF=^XXU5I<")VX&%VF[V'FR#BE8FOS?JVHZ:)C5?ENG%++U*%1:)GN\\%MK<"VR2PG5O,[[68,,<% M4WQ(PJ[N5('IXM.QI,91NW2E:W1]G4]YG,D%7I4#[^`7-YW0EIS0^O1& MG$^72J8!``"Q`P``&0```'AL+W=O*FSL`(IO9!K M_'?6_&KIB9?QHOXS3.OL+,7NL)$XC%BTA7!G/K-%AF]1<]BB^_I MFVOZ)CK<1'J:?"^07POD42"?1]S>&C%BC@MF]U\3=K&G"G0;KHXA%8Z]C5NZ M5M?;^9B%,_F"E\7`6_C#=2MZ0TYHWO1&-,?3EJQ-W5S.PL'\6(YLUV`(Y\**GM@7;. M]7O&;-6!XO8.>]#^3X-&<>=3TS+;&^!U)"G)\BR[9XH+3#@I-#P M8H@=E.+F]Q$DC@>ZHG/A5;2="P56%FSAU4*!M@(U,=`_8E; M>$+Y2]2N\V8S2FIH^"#=*X[?8!IA&P0KE#9^2358AVJF4*+X1UJ%CNN8_FQW M$^TV(9\(^4)XR*+QU"C:_,H=+PN#([$]#V>WVGNX"2)>F7AOUH\=-4T_FK"+/55@VGAU+*EPT"YMZ5)=;N=C'L_D$UX6/6_A!S>M MT):&ULE5;;DJ(P$/V5%!\P$$!%"ZE2IK9V'[9J:AYVGZ-&H28A3!)E]N\W M-U#7H.X+29K3IT^GBV[RCO$/46$LP1L-[?:BD-H1%'@Y^NYKB1M2L`1SOE\$*+DHXT1"#^%7C3ESL@1:_8>Q#'W[L MED&D-6""MU)3(+6<<(D)T4PJ\J'J%)$UUA8H-96PP<1Y0]RQD3*@5>&7'@"Q%;@CLA+"*)'D=(KB-8XRIQ M$N/'!.DU06H)4D>07(ML#&9BTTA]:5PBRG\1HR(F7A$3)R)]3##U7L/T^6N8 M>17,','$5RN+6?>8Z3BFO,6,"LF\0C)',+LCI,=D=X3<8D:%S+U"YHY@_I@` M1MZB&/.358'0*P+")^HR@.X5Q@,:%Q/[Q<1/U&8`W2N.!S0N)O&+<5]^]D3K M@*F_/NE_U,?_X4+WY6;>-MI?20_R-L+^2FY!5DQXT?\IY@2[V= MZ19GYZ4]2-;VXW_X!RG^`E!+`P04````"`#I>O1&'[W3O3L#```M#@``&0`` M`'AL+W=O),E)-._MGG/I?59E MW<[]O92'61"TZSVO\O9!''BMOMF*ILJE>FQV07MH>+[I@ZHR0`"$0947M9\F M_=ASDR;B*,NBYL^-UQZK*F_^+7@I3G,?^L/`2[';RVX@2)-@C-L4%:_;0M1> MP[=S_Q'.,M0C/?&GX*?V[-[KQ+\)\=X]_-K,?=!IX"5?RRY%KBX??,G+LLND M*O\U2;]J=H'G]T/VK+>KY+_E+5^*\K78R+U2"WQOP[?YL90OXO23&P^T2[@6 M9=M_>NMC*T4UA/A>E7_J:U'WUY/^AF`39@]`)@"-`6,=>P`V`?@K@$P&$!-` M7"M0$T!=*X0F(+RJ$.C)ZJ=ZEF"0SN^\"7/K">36QFD]Q/0"X3$)V`F`3T4F3=,SIPH1E(F&H5`-P& MEP,(8C()KDS5F-)H$GP:Y(&0G8,W35+K+%&MBSDD"*VS%!H9H4TJU;,T,@S< M,J7)E0.IQ60#B2$,G?PSJWQFTK`)^9J!JA(A=%J_.YH95/U`XQ`Z.8BL#B+C M()IPH!F,273O!3B3F2%1&,5N+R"VRH]-P0GU&H%Q!`F>5N],9H9D<0V'DXG:`L$,=>[.#L4GA(!4!JUL$W-TB^[\=00>W(T2OZ@1G6]N*-[O^ M%-)Z:W&LI=Z+C:/C2><1=5OCJ_$%G"VA97P%9T_Z'/.5/DT.^8[_SIM=4;?> MFY!J0][OF[="2*[T@@?53O;J[#8^E'PKNUO6]1E]FM$/4AR&P]EX0DS_`U!+ M`P04````"`#I>O1&]1+:O)$!``"<`P``&0```'AL+W=O%W;&&MJ=V1:F;V]_ M-@1#U)NUI_W^3KOF'>J=J0$L^5"R,3-:6]M.&3.;&A0W5]A"XW8JU(I;5^HM M,ZT&7@:2DBQ-DANFN&AHD8>UI2YRW%LI&EAJ8O9*:WY:>>#H?U!]#MR[]FAM8H'P3I:U=V(22$BJ^EW:%W1/T M+5Q[P0U*$[YDLS<6U4"A1/&/.(HFC%W3`7/WPX2= M''W+M_#"]58TAJS1NDL,AUTA6G`:R=4U);5[*L="0F7]-'-S'?^>6%ALA[=P M?)#%%U!+`P04````"`#I>O1&/U";9AL#``!]#0``&0```'AL+W=O1]?V?.X?A#C.@H!O#K2K M^3=VI+U\LV-#5POY..P#?AQHO=5!71L0A)*@JYO>+PL]]CR4!3N)MNGI\^#Q M4]?5P]\%;=EY[F/_,O#2[`]"#01E$5SCMDU'>]ZPWAOH;NX_X5E%0@71B%\- M/?.[>T\E_\K8FWKXL9W[2.5`6[H1BJ*6EW>ZI&VKF*3R'R"]::K`^_L+>Z7M MRO1?:TZ7K/W=;,5!9HM\;TMW]:D5+^S\G8*'6!%N6,OUK[2?B@2"2S)^>7RZ73G(->O+)X+T.$BN!=$7W" M$(U9&$R2C4-6!H+'$95!D/2&"622UDR);\N"&()QB:5!1!-I/N18/^2H",S8 M8Q_A9Q^AF?$0XATF(OI,$!F""`B^V.@UQ@0N#`:C"*.O2WN/6P(.DVGXT8-QE:#,1@,;4*Q,1A#XF@D'P-;&EB63Z)6,61-)F%KT$P3 M)V^)U5L"WJ*)Q3.8J64S")R,N8=5>TBTMA*-6DJMEE*P%#\FR*P5D;E71&[- M(`>"9-QI93`Q3F+BY!4CJY0>5EKI^(=2`2A*HS1U$\-VL4MWSJ;$H/>BC#@Z M(W:Q2V/+I\2@/V89BMW$0KL8=$$\46\5@$B"'6?1WB\Q-$R,I[0NGS5@>T%BJ$@\T4`K`,4HC=P<9W8M*%X<.5#D=L>YNV-B MKTJ"'!P#*$=N_TW$7I,$:A([M#M"K(8)^0_#]OHAX91A:'D`LJQO<+=5[.BP MU[MZ[FW8J1=FWW(=O9X"&WU9'.L]_5D/^Z;G MWBL3&ULE5;;;J,P$/T5Q`<4;.X104I95=V'E:H^[#X[B1-0`;.V$[I_ MO[Y!DLH)]"5@Y\PY9R8SL?.!T`]68R(][L0W M!T);Q,62'CW64XSV*JAM/.C[L=>BNG.+7.V]T2(G)][4'7ZC#CNU+:+_GG%# MAK4+W''CO3Y67&YX1>Y-=0?%B[&[`J02HA"O&[Q@.[>G>D^2TA M'W+Q<[]V?>D!-WC')042CS,N<=-()J'\UY!>-&7@]?O(_J+2%?:WB.&2-'_J M/:^$6]]U]OB`3@U_)\,K-CE$DG!'&J8^G=V)<=*.(:[3HD_]K#OU'/0WJ6_" M[`'0!,`I(`@?!@0F(+@$Z$RU,Y77#\11D5,R.*Q'\M<&*P&GDD0P.R(9)NJD M.*FJ5)&?BP#$N7>61#<8J##/&@/N(TJ-@,D%XPD'5AO0M4E`8R-Y(#)BTGF1 MX%8DU+D&AB";)PAO"?3F)M0$T)\GB*P.(D/PI9:=PD2Z%-&7:M^5B*T2L9&` M#R0T!J21[R]();'J)$8GL.G$6D=C8.8'BX12JU!JA,('"6E,!&5""X0RJU!F MA*)Y`N!;^T-M+VP0`*PF@!E(&-]/MS2@)4:A707.=TEI0&$(%Q45V(<.!/.- M4AI0!M)TF59HUPKG>Z4T(`B"%"P3L\\R&(EM(87+BP,/:!!>/$I@_^&@P(P.".I;$S-"ZS](5W==ZUF![5/8`Y.W+J MN#[NIMWIKK&!ZKR\P(N\1T?\"]%CW3%G2[@X==7A>""$8^'`?Q+%J<1M:%HT M^,#E:R*KIN\'>L%)/UYWICM7\1]02P,$%`````@`Z7KT1BO,@BJ:`P``"Q$` M`!D```!X;"]W;W)K&ULC9A1(''WWU>@"TU:Y5HOP>"CRQ$2GR+OKJ;_ M/IRU'J,?;=,-]YOS.%[NXGAX/.NV&CZ8B^[L-R?3M]5H3_NG>+CTNCK.C=HF MQB3)XK:JN\U^-U_[W.]WYGELZDY_[J/AN6VK_O^#;LSU?@.;Y<*7^ND\3A?B M_2Y>VQWK5G=#;;JHUZ?[S4>X*U%-R$Q\K?5U>/4YFN0?C/D^G?Q[O-\DDX-N M].,XE:CLX467NFFF2O;._U'17_><&K[^O%3_>^ZNU7^H!EV:YEM]',_6-ME$ M1WVJGIOQB[G^HZD/E_GR),-,S`-!VQ0XFY52(3K@UZ&H2PM.AQ)3\CJ.$DD> M\#8!^G4H.05SHP-!D-L7E_-Q&"8`>8"0/XB!DEAXDW@10P4R-R- M#@1M,W:M6JDBY/7R)S)0)`LND@E2DATL!^4J"Y#Q9S)0*`LNE`G*@7L%RY7* M0G3\J0P4R]RJ>"!H*X1BI\Z*27%;"/W1C!3-@HOF!O1&H0LF3@D#```7#0``&0```'AL+W=O@ M/Y7#TZ;W!MX-)(8Y,,7T9ITL9V=7JE@\%W'*%]'S0'2#81:S=AB>O0_9.`B= M$)%)`,V"A9@"@RS$C(3#L(\EXEL)-[F*02+[F""Y)4@<00($^6V.K<5PER-@ MXIP)0LC'2BFJE#H6[D'`T5HY$'@\#X%F(("`8;6FKE;`)#%E7K5F(<*RRMQ3 M)93/2#E0SC*2>4GEJ%0^2HD9*0=*,Q;G7E*4H%IVVHIE,V*`H@F-*?>3H[@< M'>70W3G*@4MCDG*_A:0,W1X4_,KC.34`97$BJ)]:C*N!=7GB09&@AJ")O_LI M;DHZNC*=J]F!OICEY7ZNH!Q7&RT\9PL`I2))B9\8[G8ZVGW.&`"B),T]*\MP ML0S$9HTQOA;\E')<*0>EW*,M$73?,.*_;QA%LV#08069Z1L`$O8Y^I3,<&,R M\)SPZ<1XGV2?:)0,[Y0,W";0]L&AY2>?+1GW)0-?BMB#`F^7C'^B9-Q"#"PD MDO=W]1I`PD,%]PX#[X@W[Z!KT'H"<0\=W#D,G"/0\]BH,X+>KEIT=0YM9'>P MY_,^V*ISJ]TQ=)J=O@%6S)YC7^'%XE0>Y,^R.U1M'SPJ;4[#]M"Z5TI+HT_N MS*H>S5?*-*CE7@^W8EAN=VYW`ZU.XV?(]"U4_`=02P,$%`````@`Z7KT1L6F M&YX5`@``;`8``!D```!X;"]W;W)K&ULC97?;ILP M&,5?!?$`-39@(")(#=6T74RJ>K%=.\$)J`8SVPG=V\__DB45H;F)L3GG^/<9 MZTLYL&^BH">>Q[(OYN*./3.H3A>>&M.[3*+("J!!=? MT_5TD!T?`D'WZ_`9KNK<**S@5T?4<&/8MY^]F\J-9AY%!H(SNE$D@>CC1 MFC)F@O3&?WSF_RV-\?KYG/[-5JOIMT32FK/?7:-:#1N%04/WY,C4&Y^^4U]" M:@)WG$G[&^R.4O'^;`F#GGRXL1OL.+DW6>QM\P;D#>AB@,FB(?:&^),!.#); MUPM1I"H%GP(Y$O.QX4K+A0G1R8$N1NISLIG"GE15GJHX*TIP,D$W&F0U&Z=! M]Q6U3XDN$J`!9BG0+85;?$;.GS\0$-\&)"X@]@'P%G*P&NS*&ULC99+ MCYLP%$;_"F+?`=L\(X(TH:K:1:71+-JUDS@!#6"*G3#]]_7C)I-,'9)-P.;< MS\<&V2DF/KZ)FC'IO7=M+Y9^+>6P"`*QJ5E'Q1,?6*^>[/C84:F:XSX0P\CH MUA1U;8##,`DZVO1^69B^E[$L^$&V3<]>1D\LY=/21_ZIX[79UU)W M!&41G.NV3<=ZT?#>&]ENZ3^C184,8HA?#9O$Q;VGY=>VUZ3.9J5*HMC2;*D"(XZ MZ(K!AEE9!M\F*D@)STB@!)P6^-K"=CYCL$CO!Y#K@,@&$`C(KB5[PR1V&I9! M)$SQ;:H""F$6)4R4!E9E15I;Y@J(HFG$Y421[X(-+G3(IR#B_!)"Q#,IQ M.N-B(8S3!]8E7,) M+C;O@>[93SKNFUYX:R[5.6"VZQWGDJF8\$E-KE;G\[G1LIW4MZF>M3VQ;$/R MX70`G_\%E/\`4$L#!!0````(`.EZ]$9:\4"#1P(``!T'```9````>&PO=V]R M:W-H965TJUAS=Q8FC3!&0(:"2,>:8)OB'X9T(P2P@,(?ANAM`0PIL,#M2N.U=@@;.4 MT=[B'5:?D[>4<*9$I+(EV\7E26A-IL\B2S\S?Q&ESJ<2NL(@C5D#)DKN0PJ` M>"/"D08F72![*@/2='0_00Z(8,;"0XW-K<9=D_ZU21]:Y4.-B^2Q0'`M$(!` M8'H=7WML-2:"3@#F*4@6Z#XJ!U0XARF,$O+#F7P;0'D16CRN*IRL*@0%-YC* M`L0U8'P/31H&4`Z@)R\.W/NH`E!A,ED48#9&"<5Q_+BJ:+*JR)Q5,G-6T6`X MGC1LSFI`><&,5O$MKNQR:T=/K8`/>HR.D_T%J>%Q$U][ MR]R;B!?R)H#!?9;/T@X?R6_,CE7+K2T5&ULE9E;CYLZ$,>_"LI["[YQB;*1 MNE=:Z4A5'WJ>V<391(60`KMIO_T!/,Y>SM@,^[!)R&_&,V//'\>LSG7SJ]UK MW05_JO+87BWV77=:AF&[V>NJ:#_7)WWLO]G5355T_C5>^]ZL5_5S5QZ.^GL3M,]5531_KW59GZ\6;&$O_#@\[;OA0KA> MA1>[[:'2Q_90'X-&[ZX67]CRFQJ1D?AYT.?VS?M@"/ZQKG\-'[YNKQ;1$(,N M]:8;7!3]RXN^T64Y>.I'_@U.7\<<#-^^M][OQW3[\!^+5M_4Y;^';;?OHXT6 MP5;OBN>R^U&?6Z[NK(FBZ`J_IC7PW%\/9MOT@C,<`,. M!OQBP%.O@0`#\6K`O`82#"350(&!HH84@T%,'2$!@X1JD()!2C7(P""C&@QS M;F8N^F`2FBD?%\QMT17K55.?@_94#&W$E@/?#'YZYT&_3-I^!8YNFW$-KE,]6`9X69RRT@W\]4RRLU\LTQ,J+!X7V%A)EJ`AX3@0;[W((T'"1X^ MK(/CR"@SCX91;N+N(^&.0J%1*(@BP\:(312&82I5T<=9?LO=$;G<<"GC;S%W MX#$:>&P"9^A`4#[#")EDCH"@B$0N!TXP28L\02-/(')*>Z?HXDMG++X,C2&# M&+BG>H89]@'>Z;PQW"`^@R#AQB;`(S7*\/*0I/&D"](DQ M-I&H)54ZD:@%>21=*PHR?1U<*F*J#$^50:K2ERK1TJX$P`T?2N@@KD%R3<#ABLQRRB3:R"A6#(1 M/@YZ]H^X%60'R-"U`:F3]/>)N\:W`''*,'AS2MN2M(V447S@C23G-)+$&TDFTTOJ6CH:Z?_'4&0R!Y)40KPK)72E(/G`NU+. MZ4J%=Z4B=.6#FMV5"N]*Q::7Z0-`CM'"-\?KE6Z>QNOV?*6(=?OV/+>'.>_NE^O3L63_J=HG@['-GBLNZZNQJ/[75UW MN@\Z^MQ+REX7V\N'4N^ZX6TR:(UY+F0^=/7)/N:Z/&M;_P=02P,$%`````@` MZ7KT1M.8_8^9`@``Z0D``!D```!X;"]W;W)K&UL ME5;;;J,P$/T5Q`<4VYA;1)`:DM7NPTI5'W:?W<1)4`&GMM-T_WY]"[D("'T! M/)QS9HX'X! M.'!*-H;4U`$"(`X:4K5^D9O8"R]R=I1UU=(7[HECTQ#^;T%K=IK[T#\'7JO= M7NI`4.1!Q]M4#6U%Q5J/T^W+OZ-L7>]^+69^T#7 M0&NZEEJ"J-LG+6E=:R65^<.)7G)JXO7S6?V'L:O*?R."EJS^6VWD7E4+?&]# MM^18RU=V^DF=AT@+KEDMS-5;'X5DS9GB>PWYLO>J-?>3?9,"1^LG($=`':'+ MTT\('2&\$/`H`3L"GIHA/II(ZGDSJ>?J?C6:^QS!F+1XQ93#;BO;00",8\64R*1@RY3!-^JQ#T MVC%A[6>DD(4#A0B.[6YYAD'U?8W8NJ@A.&*M4P-7WZJU%UR=8PWE.S-!"&_- MCJVT_^8NVDTISTB?@W?Q!9R5L">^U%.-.3&UL ME5C;\>_)W.HW MWX.._'-9_NH>_MX]3:*.@\G-MNE<9.W'BUF9/.\\M9%_@]/7F)WAV^_.^[<^ MW9;^?.CO/UE(`?5.=R6>=W_#;;7NBD+9S() MBNR/_3R=^\^;_4\2@1ENP,&`#P9#'-Q`@(%X-9!>`PD&DAI!@8%Z%R&TN?=D]9ST"Y7W>Y$[[/J]V(Q?UE(D&_.QP.L+$)Z*#STL7GO8Y2DN"9?H"M`,;9",S26%M8,@JSWC8`$YRTO`F:7/)X(Y<6PQ(QEIT- ML`*Q."%93$HP11-,(4'A6>\4MD5&A")A$1JG?]T%DI[, M`:2UEJ24&,-C@=1)17#!T:Y@G-X63.`L0$6DQH1*@N`Z4$R(@VL-]&SC M3['%18)!QRI.<)'B":?T>N-XAW'H,.5K90`1EI7CO<6AMQ3:QRX*@%*A-2$2 MQR-!"RHUWC]K!Z+T#\?[E$,+*D^?KODG^I3C?#-QV-*E5B08E(0&H?CO<<32I4X4$*(@Y^3/*5424J/(_`N%JZ+"5LL M&%HE@M&K1."])UQ;^90>0/?:^0&V=C`VC0B5+T9NY-!_FE"3`N\_`?VGT0,! MSDGASLE8)LI3NPZG->>"0`D_4`7TLT;OSHZ20HYNA)&%M7?BEA*!$2X/`N1! M>^1A*=[+`\*&K"`"5Q`!"J(]"K($D)>(A7QAD4H$X>HC<)D1H"#:LP5+`''- M(N;EA.+&*>%7!N'$AN!"XF(C06RT]K0Y@!2;)N@-$]K<^4JG">&WJ,1O%]+= M+KR7-D"-"@_@U@Y'4QZ)2Z$$*=2Q9^.$<"F5(*4Q98'Q'QWR$Z,0B:N6=,,0 MW[P`0(Q+_S1DP(W-`=P@R>+X@[G"QN$$,F\*WTP4"U,=^EEN'6S+Z[FQ4[+A M[3`O_LJ[B>2[]TLV6S'D_9K--G8:_.I^,;]D!_-/5AU.YSIX+INF+/IQY;XL M&]-2CJ;M:A]-MAL>O1&7J-?&T8#``"2#P``&0```'AL+W=OM+J)_&8Z]&WE52/ M_2$:3CVO=E-0VT0XCI.HK>HN+%;3N\>^6(FS;.J./_;!<&[;JO^[X8VXK$,4 MFA=/]>$HQQ=1L8JN<;NZY=U0BR[H^7X=?D5W#S@9D8GX5?/+<',?C.*?A7@9 M'W[LUF$\:N`-W\HQ1:4NK[SD33-F4B/_@:3O8XZ!M_I7"7_N1IX*9K? M]4X>E=HX#'9\7YT;^20NWSG4P,:$6]$,TV^P/0]2M"8D#-KJ35_K;KI>]#\I M@C![`(8`?`U`U!E`((#X!E`(H+X!#`+8IX!(US[-W'TEJV+5BTLPG*IQ/:$[ MA?=C$I4Y4-,UJ$Y,.?NI%\7JM:`I6D6O8Z(/#)Z8C6;P/%%J@L3SR#T,-$\\ M&"GO`T6J#&LM^&,M1->"(0%93D`^)J`Z`8$$GU1V$Y/HR=`,(O-("0B:1^X! MR>>1!XUDR[50:RT4:F&V(73@1C/Q/%%J(LD]9#"K#`8RDN4$B;6IB7]34ZN" MU-54F(C4T528B?1S4V=E9%89F4<_LL5^9/[]R*TR*S',4?$&(,0RQ\R50&7(PSP0LBXT9/PG]4B![06!`V%7/9HA M&4N1:WY-+D92G\V#[(Z&P-(<*WMC&,;BV+7V@"-9?,O-*[+[$@)C!Y;'*7VE6PL MS\,SD=VMD+$KET\`Y+1-P_CTQ^Y8*/=P3H"[@G0#1/74L7 M*!8SYB$'V>4@#_\$:,$_@?+R3SSS]64^OSS\$]O="I-E_S1,S#!UM=MP:9:P MW$.1W:TP7?9/P^",NCRD!(XD%.<^3;?;%6;+_@F,\L\DR%D%QEB;\H MN4=U0+X^-'POQ]MTK$,?&?6#%"=S`KX>PXM_4$L#!!0````(`.EZ]$9<[9_2 M/P,``&\/```9````>&PO=V]R:W-H965T1)U]\M>-E6NNL_FX+6G1N0[ M;525'OA^Z%5Y4;M9JM>>FBR59U46M7AJG/9<57GS;RU*>5FYS!T6GHO#4?4+ M7I9ZH]VNJ$3=%K)V&K%?N8_L8<.#'J(1OPMQ:3^].WWP+U*^]A\_=RO7[V,0 MI=BJWD7>/=[$1I1E[ZEC_HM./SA[P\_O@_?O>KM=^"]Y*S:R_%/LU+&+UG>= MG=CGYU(]R\L/@7O0$6YEV>J_SO;<*ED-)JY3Y>_F6=3Z>3&_Q#Z:T0:`!C`: M`)LTX&C`OQAX)C*]KV^YRK.TD1>G/>7];;.'#M[T3CK/3K>9MCLG[;/1)Y6E M;]DR]E/OK7=TA0&-60\8=ANS,9@/A-=%0(8!+D4!2`$3%`.&SY/P:Y*EV2M' M!\MY!\MK!V;Q<:D=`(3S#@(R@@`C"*ZW66M,8(["8&">(B0I0J0(*8K04!A, M%,QS1"1'A!S1Q#8,AOGS'#')$6M['D541AC,.L8XXGF2A"1)T$$R[X#Y9$KH M9QI#(H-B"V>0'HY7&4&H)3%(9 ME+^PV]62IEHB%;^=*)L19"%]1DN7H783FU!#.E?".W*%5AZ+YG-EC2#N6XB/ MT>IC\52NH,019%'T&2T_EDRFR=!^DB%-++J+3Q*!CT3A1#5!$"06U0!H*<,@ M9;(RXO4@B`46UP.TE&&0@M0P)IHI% M.>!T+^5W]%)."Y!;]-(U@KC%H7):?WRRE6)Y1)#->=SX?W6ZB_I(,W91"R*Z MA_*A/4Z51P19E4=."YD/0IXJ6R/H*X_W:;ZI1'/0O1&J%/F]85.``"20@$`%````'AL M+W-H87)E9%-T&UL[7WI;N/8N>#O>Y_B('`C,D"[1>VJ9`+(MJI* MB)4\RWW)6\I"2JRK+ M!`UTM6V)/.NWK[\NBHWXO%ZEQ7_YQ>-F\_3F^^^+Q6.\CHKC["E.X9O[+%]' M&_@S?_B^>,KC:%D\QO%FO?J^TVX/OE]'2?H+L4V3/VWCTVR;;O[++_KMSB]^ M\^LB^[)6_W+7: M'R=WQ2:/%IO_6GY3/GP=/R3X!`QQ$:WCRE-1L7F79]LG<97#\>:;)"Y@@D7- M:*>PE#Q:P1/+^+/X7?Q2?NYTF^>XW+=)L8#G_A!'.9Z7.(LVE;F/CL+.43>L MF>J'>+4Z^BG-GE,QCZ,B2^.EF!7%-L[++_PA+FK&^)BMX/ZC_`76LXKSRF,7 M6=T^Y3:NXZ<,SB1]$/--M-G6S4.CBU/8XT.65\[D/,H?8C%9+&)X"IY9\O,U M8UUM[U;)0KQ=9=&F;G79>@UW/]]DBY\",7^,OXCS)EOYG?]^I??OFY:ERVV'[Z/?ESR;P])+G6T659=]'JZ(RC)Y# M+JT.N!16_?N__9L/Z4XO+^:7Y[.SR.'?JR=S.!/\2I[PCTV#8#T8&D> M;1CP/"X*$2W@V+8K@KYE#$1SD1`!:9@B$&E<6<)MNLC2(ELE2QHJ23_!P[ZU MGD;%8_FSR\TCH,FD*.)-994WES>3<^$_N//9Y&1V/KN932M?S>/%-J<]W7G6 M6NSU[5V4_B06\%NR$??1(EDEOF,$_$5F4HBGZ"6Z6_$-P+'F6Q@B_@RLJ:B^ MQ#M>)=%=S:@WV08._+S^`4+RQVRU!/+U2S']TQ8(P)O*83-!*(@2_$H<'+?; M[1`6FHM/T6H;_TH,VP%\A/_D0R+:;AZS//ESO/R5Z':";M@+VIU0?9L@H5W2 M%C-#5T2T$8!7L>9S]`"\W8%__=$0OP>\B-=WL.DZW)A^7B!`UJ^UV[C6-'/7 M6+FF)5PC`#:ZVR)\2V39ZM5GCZ2;J)8=D; M7-H?,_A+?`+$VWIVPE/X!V5$LU!*3"[.Q/3WM[.;/WPIE6Q=1<@N'^--`ESC M$+X[$-_7G#(RTIA(%ISKVR2-4B!%P&FR(MDAT3A0'AB0$2TXD"4<4I0#=L(= MT!,5BEUZW0#5C@?]<%9Z**OGO@[`OW[9I=?KEUUZL&;9]HW.;^#'A^D%W.;E M6S&[.+W\,"5H@%^NKJ?OIQ?SV<>I^L++%C4RIN+F,=L6<`0P]X'S=WD-W49! M^GKZ<7IQ6Z7T()1FZUCYL/8+C?US!KJNS M3R6!?\W\9Q:?96ZQ1F'RSU[&^RY.8Y2LZ;GE.DE):M\`$:G2',!KB2R+K*BR MTFD=,[J:7D]N9A?OY(U6OK]Y/[U6M]V2)U&!QYFB0I+G538"ZA>2VGFTBHEV MDD@QY<.::7G!?UN5(YS-`6)AS;<`KG+]`,$50AEOQ,Q[S_@-0P`P)Z;NQ+PW M&7"2+Z2N%],;C2PW-]>SD]N;R5[;!`+MP.(A3*9STX%+%(O[?WD>BJ`-$S$V\MK\3?;9L.=*/YL,%8,"P*WTS,2=2H88XDXS0(:%=20#ME`:U9'INE0G*X MRWLQK9''2A+3S,+IWQ).?ZS!:27^;;8H\!MF\6#Q&Z0,2`E!.$B4[`%W5!`MM"J)XCIXJ MNY+WL$P^)4NXY`(4H06(&W3[!^%QV#-RAU?O.+J##2Z)(@$Y(KY%6B%.?Y_E M]W'B/4PTTX!81ZL,@\%HI''TWL'PP/D+OKT'G3Y]T%/4:57V^)T@'+1KQU<[ M!XYM5%7QM(HJ_/>'9//X&*](G>FUQS4C(HW"\2VX=@2V[&Z5 M/$1:>0`X3.,%<6E\2@!M%[@">O1>X,WER0(QL?"AB0O\]>RJ`9`;39)?3#>J MLOX..M*D"GBP9E)B"3S=:R!;P_2>$K8-3G\[0*T;.7OB*XX_Q_DB*:H"\3Z# M?`&<_Z,!O`D`)_/WXNWYY0\UMK@=+,G(N9/3F]E'K]UHLOSC5@JBN&60TP&] M$H"XU`@GB'3P%TE<3WF&)[P4=R]*XD=["&S_$YEM*B:91N&?M0A$YR3=TGG5 M*A%U='B7^%TH\7M%DQ-H&*4EJ9?#3XG=T`U;&R6;'0UC&;,JFYY(1D/`0:(I1_CH``IN!"X@.WVK^Z;] M(KS&RPI[J'!E=_U>_KL#<_9GBEXJL@\H@)9V#?H;JM@\`%G/\!>4G#Y.SI&E M5:"Z[D%0#<7)]-WLX@)G!48(=&QV>?:J]Z?P>>V;\]NKJW/BLV@C4%P6%@\Z M\`5N!(78%/#T"$'O<(2^'7;G=`+VN'`>I5 M`0+`$XH/0`*J7N17RP95J70_66&^?7I:$<$"FDJ;?8NVE?U<[*\^')\)AG9U M=3V=XZWXKN`R?XA2*3@$XE2[WY1@<063XOKI`\>FKDWM1<,F3J(B(?YBC[/7 M0N%48\1MD$JB]`51?JOOXUXOHC"+R%!QK\8;!&B[.Q:MO_[E?^FO__J7_RW@ M3.$C%"M/>0KX\%`\1I]B<1?'*2+A-';X_FQ>&";ZNH%OXZ? MR&C$(@C>97!V:6TS6U@82"Q;PO+6PFZ3,`)6&!IK^6J"; MFQZ[W@+;A+_:(1M!']!-A&/,C_[C&*,!8+VPC-5+@(.]@)XB#/V$ MQUW`?99MX-$8N3CH3#E+I;@%V@'>QRH&V MDI1@"^>,+,&XA;[>1$OT*:YBA5+!-L]9_`6Z'JV*0T$/`A.`I8!.$!<%QES@ M8B(V6CS9,&IN4&YV>4R@Y(69`C`7M)6[&,6>I=0[_KA-2XJ']UT4L$$<9@C! MIY#RP!&F6]H&AG8@3U+W]CLZ77R.3Q<%C'B3'8M3@-.(Y:$52"#)/=`8OG6S ME76TC)UI'#^Y=WED[Z2[Q5_EBWWGK(XK'.X:6,X,B#@30TTG/73CRL`W7)Y# M-UXQ*MW,[KTHL-U(DK#=B>^!2."19Q`>`#^S9[RE8GL'4)1$>2(E_X1&UJP; M\3Q]*5GG\=/GQV3!<"`I!5P,C"!\!A/`/9\7N^*W%D%IP&7-@'3KSUEI66_H M[5'[.[FWVQ0X75Z@A>-D6P!0%@5%4Z%0*Z'./`R,90,"8)0"W2CB"-0+^2PC MBEH3:JTY2#MA&]]D8N&N`O!;RLR!+2HC]V7_%TVNM2U"IQI#4V%T8*:3%9I; MF5Y$#WFLZ`XN/&83SSK>/&8D*5CD&)C0MI"#.S0?*%0?]K=-69Z#LXH!`#=' M27HDI4+[)F;I$N@74!];8%4G/9O![0.1*Y*'E+"8@`J^D3Q,8*!<$4F2+@,\ M&)8-IL>K9`THP.$O%FKXT!54#\0H5#M`OO*8(8PV(@(9?;&AFV1*&R^E0$1TP6]0D.JM#S276V(Y9CQBX1P#1@B4@;Q? M+%89G!$N*\(G:R;D)2[)DWM?RTJ086^8:Q3;%;$6Y$K+!#41UC8` MI`OK5"J@`'K".5X-7(SEZ/':""K.4D4\059`YT`]A-BO7]5&A/F78M%JI)Y9 MJDZ:#`!%_$`K^>M?_CN`"^$8'I$).R,,+^S(-A&190#H`P:-2GQ91W\$!)]O MT[MXM8&_\I]BA@@\>B"2^!C)K1@J`8(8,`/@#Y*QTL;H:9#2!Q M`M#`]2TD1*\*@/0X9@!A:\,B3PBR$/``538*(JT]`QS>(>$#RO<@]PP?^0^S M3,T_)?%S(599^G"T`FZQ5$!+]!8>2G*Z@N='D&N!F0A$%#R\7/J(&)&3?+%= MHRMT01\L45AAQKR(\ISD=*F9(!ZF/`G M!1KUE8E!8=M2O4?D8LE>*4L214L%R!9P)IN$]`$M(Y.\@I,?TKMDC^"=L?*P MX9WHQT!^WKT/C!M#*P2*+Y4EFIT$^(9UKPB%Z.@CZUP&'.K/%CN4T\!:C+#C M68->J%X$D33'<6AM9D+(]'II:`EG!QB`L@I1^S2K;H0L5&5.GGMC8,4S\&]S M7\?"L9[#"N^V"?D@;-.?;4+%0\,[W>)!HWCU(.E%'F&T`*`3[%")'80Z^EH` M<.^W*X$(1X=AE,9>6[S$Z#K".W!7T$4@@;,RW]NK.081CY]V%TGTT%@#`KS* M%;(KE$%2$J28`>))6C9P?(V.E&!3?@Y7B%(W!JJ#_C2W))H\3K-/D9%AG#70 M=QE#_U2=R[8%)9>.E^U(*>844'(NP%PPZ';[(!:!ST^R/Z6\'R MYA'$0OJV2#Y7G(<6*+I6HH`'Q$C5<<^:``8?#)T)BF@=2^&`:")"L$-LFV"Q M'%GM#7JM(@B!<(3`L$+D?F->*`N#;A@&O5X??NN,>L%X$`*71)&Y#GFZW5XP@EFZG4$P&@^$ M%8(NPO$H"'M=$0['P7C817\[;"-L]^"W]A!&[PU$8X2Y:`TZ0S("'L*O[7;0 M[^"O`"A!O]T-AH,1_-:#D7J==L7H//TX/;^\0N-?PU<-\I#]U)F1(*7\0IF(`8H8^,(]<>-\9=0N34JG`:BXT`,`(4$269,V(=C'FJ7N[<"Q^`&'1OVXR-Z@UP=`HHR(_`]5M$VLSHC51`<+>RCV= M%N$/":,\Z'V2%YO#P"Q>L_"*LR^P?$5[(8>^X!(0P6P8B"7!H*1_;&C_J-:# MII8S)/B)K@@DZ6^Z1%@]P*9970O$++D'_!K1_["B^IWG,GI[V]GU^2>O)EP2P% M4?@A`0&_&@CWJK6*VR?"$1.1[+K`K>-U!"':+V=S$\._4^<9DMMH16MR?ST$$"]'PC_N022!6A3!ULOS(Z.%`UB MS)3ZD93.H\*(:5)'M<0.2U+76*U$-FWU*^+\4[*0T,H>=V40=W9"^J@TP17B M89NPY0WMZ=DS0C4?]$:0S0,HXL@YM@/^%C:YC@B:;MFDT-T)W69NYB&X_.S-F)9 M(5`.D`=GQL*I6)!1WY7,6CM!`JTG:/8AYQD%B+B_ MPL1AULD*1ZMF,Y)W9SG9%YG9N;B"AX%DPL@]!KE9+R%`XSSE)%:RF@LG[+GP M3ZW)`K]Y]+2*8%H&P<`%B0^F(+0#A:R6WF\K-8GB--,1RE'4>WZ^0HBE+=%+\5!7*V0TDD-)=E)BZ$A^E:64XU("Y/T2`[N MR.%\AZ2_VI?(!Z5XI-9#[)QA>HD_L#)F*U8";7:RG)8GT8K8Y1PK14@#;QZK MH$Q>6,Y1(#)XL6:76FVRF)M-@EG9,@:Y*I,$*+S?YDS2[',I`2LS2Z;]/D11 M#W@)-ETUSE<4*M6RPI(5-V:S?76=C3?Q16>\`W#BSS+60(*V-'R"?`?2(R_=$F#D8B5'2MH]T++RA2$H_ZWM&(%8<<9 MOMOM[K1AB=*&D-PU8E,BTU66)>`&$0AV&-IFNF[G&^YN-#8CA\/!/ALSWJ:R,/QQZYB@BBE!?)\L'^!AV_5.-[WB&JSU] MC/)5ML'R"*YOZ5`J)K[R&DL`"(Z_8>\07F8!N!Z(:")'T,9(HJ:?IL`!S M_GR,='QT0,J;R(N2B*#(*+LBE0K`?/4<31*B"R?\M"7C&H@']RP;O`A0',6H M`P#T%AG@1Y(*/K!S2UKST0S,+F=R-[4*0)B+#`XH'/&YFTPW.X0+_I-C'Q[; MFKA7CM#G5=*KV=ILQ#S+[GS0)\,L'GV5JUAT+H`;5T\Q%7%I1XNTOJ_@`(>2 M&(S;736/CT:UJE/8W'V/>10/LPQ_33Q'NWJD`JD.7=-,P2&4\[@T79O_V@K!.MB&%T(T,&5R^'6HFIOB;] M*M;=MM!J(_ZT!7I&=ID[C+3E*-,G9!`H:QFO:6-DINM?M1>)AMO*S"1)X5'M MY[IJC%5Y/ST_HQSI^>1\*O9,R$>ZR-E-L(I+G=RD:"9L'T@9@5V3)=..9GF/ M@09O,70DDN:GFCGVWLOW-7MQX$;Q#(PF]-@U7^PP"#(@X.K(E)5L*'J$H4P' MCN#K=ZND>$29G?Q,R`NZ`+-6C,_52CGK,"=2NJ",L5P-GU!(WAWKQX^26NF% M$73`TH!J,C]!5DD&_N,Z;N[N@NV1*G2+1P?J#4NN"^7(;0/="BT>QLVN[5=H M\]"Z`=(;;7`G(V!"FXE?Z&MG080@$Y`;5A9U0#NPJE;DM0;?/E%L5VLROSVD M]X[:HV"_F/G6#>#?`E[J'\I`>^>"`O>&U.-PE\#X3.&X':B@Q0=8A<(,&;!K M6V"!@'/Q-V6OCM9,,9D8$1/A5>-QF0BYI3V[R3(\%K<2^&[-H9"Q@U$39ZR8 M56*N/D<2Y0.Q#$X>=91Q](L@_A'!5'B M!SAC4/7N-PSS&*K6@B41N"/K.D0.2D%F,8<@4M2\7-8O"WLV"J;7-Z]"^[0A MVMI_[MVP![]YJRI,G"4S%ZUPK7O/@!8K.@M.K`&Q5(W!1!^.(%6?$GXHF1.Q M`U[&^]6>#4L>75J`![+?=L,F_KIK45S/@8_4\A<`=[-C:FL@ARYLF6%H%N`] M,$909]BM63>QDS<@'2S^^$Q'#UEFE.PAZ>$GD!:D8]J"=[P9C'V*@+7G+R)4 M,@?N]5%9$:J#P*]&V[7%)Z*S`*1KS*(`'681KW36)JS\(GX6ESF($ZFCMY*_ M5,D(5,\`V?0]@T-!T['[`V6;<-AV)$'EA!(/E/2+3W2Z4OBQHAT*C'-;L%-@%JXX)P3N*;Y,UB#,%G'0NKD&D_P'(-4:UQ#KK`@=1)I," MYX;-`KX$M#G043K]79OI!$IS*.GOI87?HS7+:R!HB5ZO4UX!2V`'G3#HCD+? M$A[(@8XK&`?A:"174$(N`VT[+AXN'7[+>-*PYYW1VO1X9$FOBB2A>.EBHURC MRO/V:!I\IWF)^BS+03`:Q^*ER_$Y)KR:H.Y5R.9.DM?,I'^[Y?#X"]Z;W@'; MA)PD9Z_ET7@0_*]Z(:`\U#OWW$I:M95-716*N3R6OT*EHQG7"[3V$&(B0"%; M(^V1\I0=F^8,^+J0LG-068P;LB6]ZRKL=0W"$EXC1F#U!\%PU,,?X3`4=BW# MJ&1E7+EC=CI!;T0!7?#;N!^*O67=X5@<^B;9 M?[E!/\3%M$=M$S'28"X/1T&WTP'2'(3AJ!&*:OURMM(\"H;='NX$ANWU:2\[ MW]H-5>.@/QJ),`R&PZX9L6KV0B'^(L9;P^L#08P53<8 MAAWQH:[4!`#5&.X6_C\.36TN7;Y*.9[@P$=],8*1IL4B!^$"-$2L#LIL+FQW M0PP*X:I8?_W+_Q`#(!?77U.J`D-9`?]P+!V:,AZWZ=^5+#[B5"1QBE'T@Q&` MUA!@92"X\*I#O`_$.`P&L)EQ-^BWQ]4(U9-J;"N68S"Z86-\Z\F-4#60Z;5E MK#P^!V*`D=$L_^SM*I&2AQK&RL%A8<0.7\A5,0K6%UU[(YFP(W$G3;7D=X!# MDE(?>HTP(QKM8EC>?[E=862DXAK"5+FX)V="?]S1@I,[C[*#ED'[H*/L@*;2 M,]>YT#ZQ@V%?EQK>_X`BM@7A86A+"%R43)*.<%2Q!A!*G/(>Y.BD!8,4\H%2 M.MDS=?,H-\(IJP4F]8@C"L2D=UA4E"JSD\EH\K;8%Q4EH1RE2GP=86$L&(<'@X7'O.R`"=DB7DE!`BP:),0$\ M,_NCK"5:,`:\");$RNZA(A/DTU+1R9&5NVF1`94U*C.D/X$L)ZU/40IS\R;H M>:-HXFB@"7R.EZ4AE6@L(S>=2`6&'PRIXV`/]E&QW8"BUCSCP;O=8Z!!WP%D MS6/.%1<@?#1[?-S3\Y3NL\'T!$O!G'(IF+>Z%(P-N"@>C3O#5Z/VE0?!TM+= MV:9&A[0@))9PJ53R9><6#@.E=KLH54J=^`/!\I2+CC>G3Z!39VFIS@5"LF5&\JMZN2U>]W7@"4?9+%NN.@UZW(`*P6-G0YJ'I%]Y(.*J_MG'@?I=1>QNL` M@:@)&@*U0`0UDWF!,:JNJ@8*^ MY:-:X;L+2EB(R(WK*8"X)S!RACI2F%0%(8NM*K?Q:6]%^<92_Q6SD6B=4PUL"K'X\2;^O!$G*T#CZLN^N7AOWG%E[FB> M2"N[50*2)25TL]*A6&G6LI0%R<)IEAYAX8Y<%-DV7R@WOVU:^T9&,]?;LJO[ MA'MN41Y;"TK*,HE_:>2),KN6-5J5D8YI!9DP"?A9(KJP)");#,+$M%RGRNR0 MAF[(RFPW"A!SD&Z<#UPA@ES9YK<2[0$V>/OA]IPJBC'9\X))Z_QR/C]\HR-, M(A2L03).I7@O,PC=%(!)J):'6"+I"50ZQVW!G+`Q/[5&Q&]M7I(#$9 M]I"88!<5&&TXQ-&L16".KC,]6C+:3(;"WHA_<3^IZHK7LX^3&][L_.;ZEFNJ MH8SP?GKVKKG0W:M>;E)880.?J*T!0"^0>PUU#57GB<.ZX0<%0".* MLD``SD^..%)AGD&``8C)DYC#2O1\Q`W5G*C2T2(WCWFV?7BT$UJDFV:1Y;'U M=BE94JU*K40O'X?U9N;EU!)JE0`%6"H:(,M5XCN6H4#EURA,Y_"`P"&.H+1H MCHNK):7Q?INJQ)2`3P-+[6Q(!-M0$`0.M^5HN*6!I,1`$E`@F>:)!UTNX52X MZJ=_"*YP@\=BWPUEA2&+D/!0/5@A\R_),*"2P8Q]1)9_X(YV%/.8*GBCV#$9 M*U_*HI#._CQV,A=>W&MQ[Y22=7P;PP358I$G=XIH" M-UCXZ*%R?RXUYPUFNK"JE!$+M%FPB,9&X,* MPG1J2^CB8&0KQ"`$/;9\A"*D5A1CE&:2[O'R_*5+JB7;[AD\JB=EM0L)5+%% M@VP*)^C<)$;R&=F5:,H!N[8U+"K3?YFWAXF?XF!D>ISY#&"E<4MON-.XD948 M0.TZ^CM.+(#OB6XIT-(FD5C8[IX[6"`F<%"1[SS)=(9?VD95^RE11X^YL_#93W7P-`UH_/(VH\6Z7^QU)[88 M1XM']9:"!2?M#PGT8_+P"%Q!VU]ET4!MCK4*'UB:&%V*(V?;=-^FB!P$@T%' MG$'J(9!60K(./&A4JEC1P^I2H!&RY=R4"558I-H'NCGB)FB39J6/ZOUGP/*>E)>K--<,KNN[&D"QLB5&"LG MJ%!MGF,4"-AI4!:P=/J-+)V5K;('CM?#08Y@D",I'5#QYLN;4ZK07!6[=!*M MQ3RU8^D2QDHQS$)VE9XC::3Q9G,:3XJXV'IVA3>:JZ(H.=P[#`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`ZBHW!^SO#NKA#QFZJ%6[R)FLE$M':W!V3-&))Y'.WK&V@(O M[A(>6;HWX5$T?$GD*^W<2L:(3!H+9<[HDH'V2A:J`HSNIXC96O%]1.)86I[- M:0GH$"?U$@2ZU);BC3W+9=8K408A(RL%%90YKGT+SBY173 M$`=1^2CN<=_E:&(AZ57';M@5A=P\*-<2H!_$&]D8&+`3^.`\-IBOC!>J+]U" M+&NI$J2((]I%PV3&>?VM^-_8ZX:>)6[0IX[;@B-(@T$W+-W/_K/Y[HHFM+ZH MSMD-^C)SOY)*,IU<8XNO.76DIE;4E2>41>4*SG=.S4SKG:KZX2?U\.X)WHG[9M4I5^H:3>9$'STH-36V]JJ&)1+4\])U>'JJQ4LEF(D-IC_BN M:3Q?Z5O;T.GJU&J/K9KG2=+U7.YNGFY);+9V56EWSDO_DC=-,J:I:8@PCLY6 M+I1/MX@DHN#8+:K(P;7XO'%UWJ:RJCY'_1OH@D%![^&QE#LK4[O)^>UX;-QZ M+K(9-9T]FA56RHI`TQ#56X$$PO(K&=ADKX/$+7EL7;HVJQ"94T/*#>+TO!<0 M:B2@_Y,`,M,W9R2KMIMI8V,/1[5!U(")U6_8A1QE,M%`H2&E"<3VQ#F#8H6F M'7BD_W3HQD%AQ$'5.1CUK#;85*95O.*-4KE"T]5@DU,9HA?Y&!O'$9[]*L7N-AH=]!D]I M>HS.NI5]!K%B![;HE#%:DYN;Z]D)?(DASC>78CJ9W[R[OKR]LIK9!/CP,8[R M`0:8WUR>_N[]Y3DHD'-QH4Z$>ME8P7YE7+2Q3\$-]3?H=[MB3-ENG1YH>5@< M/^B-VZ#>Z,.EL2O0Y0$F++L&"AK6U.\.Z:_N&$]K/.R(L]GY+<:K_0NQFTMGHQ[(FP/Q:@CQJ&,\YSSV%WL5C#&\3J]'OT%NCD*@H-*$"L=R1'` M'YPWGO7T8N[MJF>%I&5=V4J-;@*<-YL]P1 MZ8T=C>608U';CIVFPG.*UT^K["6.M68XZEK%$'M!*&W>7UUH40>L''3'U@PC M65:2*L39/02L,*.R$;&4>'%,A99>L3CT;M3"1OW)='LCLV[0;:6ZU+!1NV3F M2%:LW'.C)--[MEI[HW:U4'9V(\^4Q4$[=@.:WC=M;^,TSY&PXZV=*2-@J#0% M?5E3YZ-\"%Q"'XWR>E?DJOS$P4D2%2KXK:D`![B0^>?^/EF0.&45VY:!?#+S MT#;.231T&H*0_Y/-AE9$;>OMV\M#2V-DF18I._W-W`=.;[/-4XP/P#(<3/*E MPN!62Y81_NYVE)_=#:Q4AZ6?1>DQV6QBLAQT4N.S4&!/6=G)9[/G^,\PY=ZXZ`[&`BE5`F4C8HH@3J%]DD;J-31+_#1EA]' M;H#YGDDS;%H-GW=!II6FV`BB97"O@JLL3OU,-E<%!DZBJU5XQ:65=4`8<(0X MUYJ*[HH,!6D9%6":GQLG()4&9!;X23U'!I51Z.KM1.1<4'!&H#V>F M!2-'35`1V6U!U=4Z[.[$CW6T!P9"4P[Q^Y;-KJ M129@R[I$JUA<,Q%'C]D9$9RP5SBG4T\3A^3 M^%Y,]3%=\C$%XBSZE"S%^V/Q'L0(*@\=J$K$L5U/4+]P<2Q^%Z/#YL/B=_%+ MH#"%?:Q;!!&IWZ18$WFCBKNY]RVI)FL_E2T7O_E,V-7T427 MJL54I-4&>1P.#;`$*I7P[<;5X&JHXA4(A[WVV*(*2'F*>Z9%F^BSX[IBG$/7 MH[NUQTS$*]D4E"+[GYA"%:H!;+RT72"FG(*DCT@2E<.CC"\^1Y1G^Y5:<9XC M()D4DY-[NG;8;OO,A&*Z9;+5RYN2:.K^)=5IK<)/Y,V^HYL]PYNUHC)>][36 MZVM2[3K=8=`;86)_/SP>C41G,`@ZG2[\W1L?CT(>-5XJHL?T)&RW@T&G(P;A M<7N(VHR$:0P5LO]]Y*G5GZVPW0=]#?WE_>YQK^TLSDW!ZPQ`%0G;N*S.\6!< M_KM2A78V_QUGI-U>G$ZO;R:S"V_[9\X\HT(+DDYOFGN"U[RQY_S$0[GVF011 MJFH,E(E#(=$JF]JE'3'>5\;"E2BEG9MF"_VLD&\+]1[5\='D4?G30`][)-9L MQ]'C45.KE,BI+HFN:2S(A=E"_DG)C8D]>:PNY/9:K8P>ZF6^M,KN$[$@8X<1 M\H"=*>;'%3*`7E!K:$X+-MNQB(JGJ/(IMJ&411HP7.7J^O+B$N^#\A7+SV/% M2+L_?`X7@CECQLYA)>8Z#^IV:DVEE2FLLG;\URZ^U#P\YGA01!R`I"K[D1051ZE5`#4S9JR2@TAVO<='9%3^ M1F;0*9F6QEC%IB6TZFI(5`E61/GK6!B<7'2ZKQS*<&IM+#3CGDC\R&,NJ+;. M**5-ME]12Y%+)9:G^\T!K-T>SX_%N\GD2E>B5BTE2YD;*4!P(2LQ4ZJM*:Q3 MRAW+RH+.Z%B1)GZ;^2V;-&4"*`I3NK;_QI1EI7[H'+-D>5KHL!(K0MEU/B4: M9G73-D4Z2C"E"PVK<)B%'5M7:Y-4TI%5>;<:W8-.R1<@*X62.J+JNN&AG!Y. M-B[LEZ,$]=G)=8+VG'&"GJEX+/UQ;FGM?BT6(!(%($I@MB,GT>"#Y6+:5!EH MIKR(TAKNZ[)(2;_:W;MG:[6I.=A2^C3%LCZPN3\$B;JEI9X-A7@]L*!/$S^OEC`EZS%&+&' M6Z]JG=R$_D3YJGF:YOX]T3]Y8YCAA?11[G' MW&W48$2@;T*6KC7A2I21^V+U8S.RN5W[FMOC6&D)3F:";DQJUWDF5P=WV@!U MP&$O!@1*6MNO$!JQ@;&KK.BA5/2,#R%>!\>%DU#OM,3DL`#9093X<@IP5A2X M3OM,##3JTP,D6(-,??3[Q:?)RW00HD!V$"ENQBW2;VX43 MBW%G^KU:C1%D#!LE-R5LDU!\OA1O%F&:/25(.^F"JJ^@RM>Q-5KI%UN;+4C; MC=QH79=9O':K'2#O"Z5G'LB.YO4V9/7TL]6L8.EX5#E^$_LR:?+F:,F/"4C\ M`&YT`J;!KO7$VKZ?>X!S.\S4^9)W]*=MA@2*+1&+>:32X7%='MF*RM2B3 ML471/T\J*MD:)(^C)?IHLCL4)HEX.JE7:O@N=V"RDIDX9L")A:H0*JJ:HON# M6`V"?8X[?W:#3"3+&4B)7&E`WK/U325SI?S$J5JWC-]OA8(4UQ7OQG]F,EM+S192.)"75'_6`(!]EK]X-.KRUZ_6XP'`Y$ M;S@*!OVQ5322'N_U.9"ZUQD%O7$77F=_:'>`A<'[UN-W6&-21M_?FQJ38;<; M=#LC^HGE!@.]JWL)HIK\;_QVL]+4,PB#G/NBT%@WRYWCS#<7U2 ME[$>HCS%S=P6$2-C0+VOGS:RR_@J2E(S*)8=+535+1?Y6$^0%4PLW";-656V MT%F752LDB7<4ADD)JC[,:X#;-YP96L%V*QG6FFZYU;U]X31SM-ILN$8@$8&L M*%7WV0\-/&GH^W>M^]MNH!XCO\&BK74E=O.ENQ>=!:V-R5R.R$K(-@&&JA,Y M%X!`>87XK.XX3BO7,@QEPZ.)@@KUH`N)"+%Z6J7'D&8M>^[8T0RF+Y\\.8N? M=@2U9CST%;O17PCU1YB;EBN2PYA\\B`Q'NG9`"M]"5! M6(4#I7H+7'F#5L\?T7%@_KAZPF*U)#IL[U"-E\'8?&\@)=I%C%7N1O7,RK7X MOJHZL4W2*\#F8=@.36\"1K=,E"RL(^N6$/R9DM095:8J^^EDP?<[8_BH`RON M#KS\E%C61S?B/_T)X;=RDBZ+VF?[V_1?]`#\3/=U1U+#N+_@D!2EWZ%J8?O09`N8F"F)*.9\_GJ/K9[:)UT4U MA+;T<-%8-;(RMS'R_%(CG3CH=$PY?X[)\Y7WKP%ILA-S;7U9!8WO#@X]#(?' M?1GY\Y0E5)]/OOF"?:K8O=LI/<,-$)2(L21XM^J$L+UP*#RFY?@AVW"M*Q4D/I9.&E$-ZI'!3+MO:9PI.==NG4>:L;=1:E MT\6Z6#JHC>UNLMV#NT-WU3I'5R;@DA=(A@^PT1';K7%`%LU-:;DM-QL7P)`< M`?`55XB)L%*%F85.DE_D^F%Z5K@.BD>3:@6JRQOD"F12OV[9N<<56 M&9.AX+(*?=)LKH*9L`;1EM)ODH=8>:7)1APKKP7J.2NQS!9$P2-V2KM>36\# M"W.0V#A:68RE[?09`R"+;2[MN2IADK4^8[VJ&(3)4^!T$L'HD'+/C2=*4XVY M734M@;5"4W:O>E3(XA:;[`[SH_%LP[:$0OFJ]FY%U4`>3R.,\>@[*>['Z^1( MQOQ6JF9)=Z"906;?<:6=3[')YL[C!VQ=G#N!-7.3>SAA_U8X!N6>A!G&OD#2 MQ1ONZD^%H(KS#%V;N+V=O9Z:3D[+\\GYUBO$CK M"F2@!9*4:LEV)1]YDE9N6,+8X2=52:C$8W2_L_N&W+Z`?!W/CQF2(2S!OB19 M)UDF6$%9UF&GD55C/S:&[:&X`OH&*!5/)$.2-/B2!I$#(/G\*I838@)B85 M,;EH^%E7.&`IM4`&^IV".W<5(+U+93NPY>9`!0H888&:71`Y2+/4M\U"^1:6 MLCI\Q7Y;F;Y2D4/&UDEO>'9O>^R2@@U.#@Q2)SV;<2U.VYA.+R]4R1([10#+X]L5/:@#PZ$$CDQ:CQ-BM+0GA:KC+"*?#)%"!;)34U-`67D1N:V&7VRJ)A-'MR\/1W% MY3@TO4W..6^BA1$;A_XG'-=;:S(_/01*`9S'NY]JK0<&!K.C(Q6FP3YJ-SV/ MS=5\X4[!TQ*9E?YMMIAOJ;^+KLVA@I>D'DU.4H\3L<9="=\\9L_2W?U$'E(= M*L/<9;52Y<0DO#QM@4#*AG<+"LQ2Z?`FSL&JE@MOD8#-EG]N\:*"-/2?#*QV M8DF26]':ML_KV'0>M&O0ZD[AI>6A8P"[0E>-][2[&BR1C6J.L2,7)==8%114 MT7XMRJHC4C9A6:^28=/TUS7-.54!">-:P"QZ94;GR[;P7XM%%`UXA)$5$DC4 MJN@UU\!CFBM(^:9@]5367#8F:AQ3Y?F8NT:[6>EV6BOJ-G"W35:J]X#=0JV_-M>N MFM$T@P2*XW8(D$8$IYB36K.6KC$.@K,?-J42"!P'Z=^9U0>AA"N)5-PD'#`' MTZD@RFF&WSQD)#1R[4P73E@2\T^MR0*_:3>I+;=SJ'RK")Y^0H5JNM6Q>6,R MG(3V(7/R]UQ5E-8WWW6.V`(0OE8.3.*96PROD:GGRZ5%.:Y+,W:.2"_5-F>9 M7BZ!=W^H*U'IEA,Z>*65'#IFR:VN_*_"82DZQDU,4ULB0UM"P83*!HX;Y--N M)3"TP6).$;0H%ANXY$Q.L`[-:$7!.$9GG6CGSFE"6J(B5@8CZ5#4\(B&!+K# M*%VZE\@'5=,0?6+(?-5J74FBWJ/`J.SJ))N2J:"]=$,J/24JU>Q2AVQ8S,TF MP9QU%%FE%\MD&-,DMSF3-/M<2L`J`T2(]OL013W@)=@<^D^%@:W2O\,.*MKN M@W$\72Q%IKI'PF^K2'8%Q)182N*W0[O4\&0IR>Z80BHSIEZ82E`EJY`,,8O( M6HD5='PR>FD7+)$J74@UIGWF,/Q--7(`K\P2T5840*S=7%J"D=%_2QU\M<12 M4HJ"/B:TF?A%-M.P%N3&;OLR&'SZP.T3*4N@"=P>RM#V45")Y#9JAU4SMG63 M/24+>*G/1NG2!07N#:G'X2X/,8%"*7TU0%<.J.1D\.(I*[!?JJRX8F1PX&L4 MZORB-!9EC6>$,I8Y.BZCQ.F?&?!$A;:]"]+V='U.JPR8Y'J"`1G#,A^+S,6T'35@B5I M>^XA-NB._HAE.&260&J6]X42X+ MI.%=E1EW`MA[@2Z*SS:*RB!/)H4`77_&8DMT%H!T3;7VHWP1TS&M6%<6F.1V MF0-O2XMJJFLIL9V.!,"AH.E8`:;BGD-3,<4V0X@'V5#L(.QT96;L'MGSI;6C M,TL>/:4$*&)'=#\J=-LN3M*?K$'T*."D?I!Y"Z5EBA):2O=)X3XIJ+=OKZ>1<3.98I'B[ M(HF5Y*TISV$\.PUR)TGP?DNJS`4UY9WV#``GIVVOZWX9#Z?WM0#PAZ= MQJ5:];JK.0<]R6K58[>;1$\/",6(KKB3/ES2J(<_0NHC7M\3?.6.V>D$O1$= M#/PV[F/!_3UGW=T$O(M1[G"GW:#3:0,!R2-TPA]1PGL>#WA!_ MM,,N.J6R9YVNL\RV=YO[[R8%E;7'?:Q M-.0X#)4VXFXCP(P-`*7^>)]-1)XA6MV0>A]WAV-QZ)MD_^4&_1`7TQZU36OW MLLW,:@@?CH)NIP/$A`I@-D%1K07.;B\_"H9=:B\/PU+CACW6L!NJQD%_!`B+ M+:*[9D0V.M6VNN=.]X#O<'M[[6O'>*T!(\U@/+;WU?S6[KT-^R,Q&@(YPVZ2 MC'](^]KX_\&@&:_-*ZT>4C-<'L(A_F+&VP-K@P%,!60Q[.R3YQ$&IBXXX)]K;R;KNVU>2$8"+*'# M;92T$VH\;M._*_0[)Y8'U_`BN=Q^,`+0&@*L#&3QU5*OG'$8#&`SXRXPCDI= ME+/IR4TMB[A25-2TWZ,8%R.L40\[$G0I/&^/`>"R3!TY+N9A3$@JR)TRV+FF M2F%_U#*ETO%Q\^T)AG^>!CXNS:51(X_4&CAU%.0K2)VH(EP::E$ M!\@PNF&'BT.-.R004`AH?Q1TNF.JI2!0ON["]U0<*X1U]`+PFRE?12Z3;B8S89_.B$KJS%!$0].20: M.PS&':OEF/H2Q,%Q1R`FM,491:)@]4OU+444UU4Y#H,1\`-`59#T&,/D:SK& MA+:M$17K0<%RVR"(#B5B[G=>`%)]HIS=<=#K5C"6A;OSV>1D=CYK%O7-S3'% ML)S17R`-VMZ-U]VIC!]\,904/-*)HR"2XL6V6Q>MGX$)X MI6HF)@;<;U(@8[@I`"6KA"H[`6,365%DCF@YC#^4XJI[L@$^]9=W8"7 MW'ZX/9]@I7LF+OZ+/;^XAN_=$01QL.<31K$6Y9N`-Z8=A6K==&_(O[254( M4GWMW.(3P&A59[O)*7R]@]Q:$&XU6K,J8.P!RC_W,_T7ZF?Z!1"2I"Z%,1[` MJTP5W;'*&^Q'&W]NJ;J;JO[<4O6;MU1]/?@'9`A7;+D!%ZSZEE^)`C]W=OVY ML^M7=7;=H]5?G<10[?+G*1/Z2C_WE/H7Z2FUC\7$:C2QNSI[I;3= MSS7@?ZX!_W,-^'^R&O#[%)RLHPR5VF,4I.<`CE=,],FB/Y?I^[E,W\]E^O[^ M9?HJWLEKD)]F5^>@\P`].`7EYO)\=B8EA+-X$R4K@,4C3H?^;RH;NSP*>9P- M3??5Q-'I\$W%,HQ2^_62)ZY1C;WNEKD^AKM[TC=QSNLYR$7CO435V.>OG!OG?M=9%Y%FC= MSL]$ZZ#";?R!>8W@*'SY+ZB+0/5](8A?$C29+U=ZQG%?XJ9'45"B`.<`#+/=8LMW)*<8[]/)!I@1R@O>:7B\7VB8'@[D7& M+\K<`=MECDT!`"W"38^9MJY,.,5/?DU)0X M^<$["^?3B/,,&&_>-$U(IU,!E]OY[&(Z)V7Y!$0V,D+)&(C?W\ZN0;6;7=Q, M+M[-3L[W0RY-/R=6A8`FU)K8SEJ[*VG%UUMYLS&K<)8N/L_(0/Y(?R:U. M/@;EXJ^?1HF.)I&:(]13KAO&3%!G1+N!W51P3B6D5LE@O$Z`RE"A0DL\#51> MFQVHO[%*AZC`NG\X+`!=/)=IUBI6`GGI%051UK-OD_*I(Q1+N4R0/O#R^'+JUV>)+^^GYV=DHIQ/SJ?B;#8':?EF=H$A:"C7 M2*JLB6]%B+0YF23+]YO_^W_JT0H4S&.M7%IOH%X"?*2*[/ZT']'"]"$MQ*A2 M9+B,P]J-(ZL"^0+;0DCOV'M0*(^`(!Q1LDH3K[C0_5!KTB14,PF9@%C*;44? M$*[Q/QLHSIQSAMYFF>+^'G'Q!8;`\RJ_;/O7`$#FTJ]AB(FVC]%(D?4+7\B/"]BEY`*%@_`8-)W27['0336C;:P M,)>Z0UBWSB7F9)FZ:_QF5U$#1E5R$0<(K#?*+E)Y MW7;@6GFY]5U:]LR2J,H=>Z9F?.%\.T/D*BC0F!E16?[7YF6\;OI],QT\IUQ. MFOB"G7B2,_:8Z,O7O#,YXC7`M$>&QA>LX-7@M6=JQ!?M[+5#?ILDC2J+4[D5 MK\+UVK=>D:M1)T!7;*\>R=!OE;7B\[*_(WJC,IY(V/!)\<^Y&(T$G MSC2;S4ER(-['L2Y3G,ZHX/X8+6!N([E58D;*M_4@FD(B"NG?EY*EN*2 MZW8M^]RC^H;'O:H]>JK;(SKQ6Q6KYS'0RLK+>Z8AO5J(;`XK"@DW=$O:05QH2L/;.YMEYLP`3&Y_L MX,_J>#4D6:D7)W:H"#N8@M>EWC0,/N50CV\R["L3/%YCQJHQ#MB/]FJ$M'G\ MI)_I[B/(U3SCLY4US;7/,YW:N718]'YF,%]F3ZU)Q8TK)EO\6\3)]QCAKNLM M;JS(D6:D*\7(EVM6FV":ZC;M4'N<'J'<1*H[OK]J'LAN^<2->G<#H*]W!DSC M#U`1'VXH:D^Z%,]E*!T?KNY21A1\76-?N[][\A1Z_ZLIOS$/,R<-FEB+\:J*I4_59CSFDRAD-_L$7?!`V7M+??@%S##[:O!Q1&8HON9EF,"O^'DC2R"YC MN^/1#KL`'\7;74=1BSK?4$W^&U_W:_=8;S7P9>QXQ&(9&&[+QL$N67FOU)>/ MD]GY%^9YU*MM7Y,!4F5<)@?F:)^DC\H`?X^DEZHA:D^5W$XOJ4!;;0K);B,L MC7C$I;!1?@,IAZ6#29ZC34QUBK.?D[9.F1G0&)6D0UEJYYGZQ30>&Z3,Y"DA M$]3+4RRFZZ=5]A+'-E9>FX.;4U9.+4[BMW(%"WL%;&A9F*`O)`7+LB7&>W"% MR2.AU!`W7:3\REM?#H?*&_#F?GS[4X'O+NC4D>X@=;J\OT\6F%%5>VZ4?W/R MY1`2J+H3=@[YI:G!>ZE"I#_*G5\C[A:B]9T^"^`DLEE@ZIC3*^#<\0:Y?C60 MHZ4V/>*%>G83J.22BM?%F]%D+E]6WT;+ZC);K=!!@%NE;RM[VS-/II[P.8/@0,\"3U;A41"^ON"X8J$\O.DZ;I'6&F`JC-<'JT+YR>O`I.;QPX MO&G+[S[)(CA'V+W)?C!=?M4@.$*;,)%Z; MPGCNJH%5YC)0_;%=J)4>^$4+/FE8,!:N*"B>3Y+UFTR<2'"$9UW"]`_$&5H= M"T#P'!Q8^E4HT^G[J&7C?E3Q_3SF[E#-V/A5)'=/K@&4F7EH((R*(J_QQVN@ MJIC6AR-ZO(#-&85(EIE05U!$D]+Z1TPR8<-#,J^PX8GZS,(]7_+NK)X#6,NN M?T@MN_Z)AF6_DOLH6*L%M;U2)E_M0K`-UI6D[7+N7P/3U4F!],O4)`4&>#0Z M#\UK*-XK4;#ZDIO%6'MLOGR_AHW8(D;-D`U[M=XVG3LJ1*/2;=W<&]V65*6K MB5F-Z6V_W:Z.L?9NDW_"YS:INK^XM^Z5[JV[CZVDVME9YXYS.])T[Z;-'J>R M%??\I6GRBXLM0A MW)8#G8JH\%5-E@:IF5C/SGT^$*>R_=])EN>/HPIH(88E4%2" M+RCAK=4)ODH2[C86.]+1$B\D@U<@"E/Z^\&__]N_8:G5"H3\?0YM6NZJCOJN M.VSU%=4P?N]73MVO,0!$'DP]1/7\>682IJ[2A4BC;WL6..9%9)GAOM'HWQ?% MYC?_#U!+`0(4`Q0````(`.EZ]$871Q9N\@$``+8@```3``````````````"` M`0````!;0V]N=&5N=%]4>7!E&UL4$L!`A0#%`````@`Z7KT1DAU!>[% M````*P(```L``````````````(`!(P(``%]R96QS+RYR96QS4$L!`A0#%``` M``@`Z7KT1EWP<_ON`0``;"```!H``````````````(`!$0,``'AL+U]R96QS M+W=OO1&MYXB+SX!``!I`P``$0``````````````@`'&"```9&]C4')O<',O M8V]R92YX;6Q02P$"%`,4````"`#I>O1&F5R<(Q`&``"<)P``$P`````````` M````@`$S"@``>&PO=&AE;64O=&AE;64Q+GAM;%!+`0(4`Q0````(`.EZ]$9( M(V:F:`(``"@,```-``````````````"``700``!X;"]S='EL97,N>&UL4$L! M`A0#%`````@`Z7KT1FV;S;6L!```ZQ````\``````````````(`!!Q,``'AL M+W=OIB0(``(`)```8```` M``````````"``>`7``!X;"]W;W)KO1&VUFH:+H#``"J$0``&```````````````@`&?&@``>&PO=V]R M:W-H965T&UL4$L!`A0#%`````@`Z7KT1KC8+BX3`@``#`<` M`!@``````````````(`!CQX``'AL+W=OO1&@=D;0SH# M``!R#P``&```````````````@`$%)@``>&PO=V]R:W-H965T&UL4$L!`A0#%`````@`Z7KT1JPQW>##`0``K`0``!@``````````````(`! M=2D``'AL+W=OO1&6=^"J&PO=V]R:W-H965T&UL4$L!`A0#%`````@` MZ7KT1C-Z#\BC`0``L0,``!@``````````````(`!%C(``'AL+W=OO1&)[T$6*4!``"Q`P``&0`````````` M````@`$\/0``>&PO=V]R:W-H965T&UL4$L!`A0#%`````@`Z7KT1ASC%C:C`0``L0,``!D` M`````````````(`!]D```'AL+W=OO1&U*(/N*8!``"Q`P``&0``````````````@`'00@``>&PO M=V]R:W-H965T&UL4$L!`A0#%`````@`Z7KT1I'%MB.F`0``L0,``!D``````````````(`! MB48``'AL+W=OO1& MC*8$<*0!``"Q`P``&0``````````````@`%F2```>&PO=V]R:W-H965T&UL4$L!`A0#%``` M``@`Z7KT1A$'&C:E`0``L0,``!D``````````````(`!'4P``'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%`````@`Z7KT1J-3]JND M`0``L0,``!D``````````````(`!LE$``'AL+W=OO1&[WAY[:8!``"Q`P``&0`````````````` M@`&-4P``>&PO=V]R:W-H965T&UL4$L!`A0#%`````@`Z7KT1H8S#F&E`0``L0,``!D````` M`````````(`!;U<``'AL+W=OO1&Y:'4<*&PO=V]R M:W-H965T&UL M4$L!`A0#%`````@`Z7KT1K^QL(RF`0``L0,``!D``````````````(`!!5T` M`'AL+W=OO1&Z46C M*Z8!``"Q`P``&0``````````````@`'B7@``>&PO=V]R:W-H965T&UL4$L!`A0#%`````@` MZ7KT1EB`VU&_`0``>P0``!D``````````````(`!FV(``'AL+W=OO1&N@-GD%,"``"/"```&0``````````````@`$H M:@``>&PO=V]R:W-H965T&UL4$L!`A0#%`````@`Z7KT1O42VKR1`0``G`,``!D````````` M`````(`!)'```'AL+W=OO1&/U";9AL#``!]#0``&0``````````````@`'L<0``>&PO=V]R:W-H M965T&UL4$L! M`A0#%`````@`Z7KT1BO,@BJ:`P``"Q$``!D``````````````(`!]G<``'AL M+W=OO1&H0LF3@D# M```7#0``&0``````````````@`''>P``>&PO=V]R:W-H965T%0(``&P&```9``````````````"` M`0=_``!X;"]W;W)K&UL4$L!`A0#%`````@`Z7KT M1J(O1&6O%`@T<"```=!P``&0`````` M````````@`'?@P``>&PO=V]R:W-H965T4F@0``'<;```9``````````````"``5V&``!X;"]W;W)K M&UL4$L!`A0#%`````@`Z7KT1M.8_8^9`@``Z0D` M`!D``````````````(`!+HL``'AL+W=OO1&A^;=/H<$``!S%P``&0``````````````@`'^C0`` M>&PO=V]R:W-H965THU\; M1@,``)(/```9``````````````"``;R2``!X;"]W;W)K&UL4$L!`A0#%`````@`Z7KT1ESMG](_`P``;P\``!D````````````` M`(`!.98``'AL+W=OO1&J%/F]85.``"20@$`%```````````````@`&OF0``>&PO:6YG XML 16 R46.htm IDEA: XBRL DOCUMENT v3.2.0.727
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Accounts Payable and Accrued Liabilities [Abstract]    
Property taxes payable $ 15,688 $ 15,216
Development costs payable 7,773 7,920
Interest payable 3,192 3,500
Dividends payable on unvested restricted stock 1,845 2,096
Other payables and accrued expenses 6,668 10,707
Accounts payable and accrued expenses $ 35,166 $ 39,439
XML 17 R33.htm IDEA: XBRL DOCUMENT v3.2.0.727
OTHER LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2015
Other Liabilities Disclosure [Abstract]  
Summary of other liabilities
A summary of the Company’s Other Liabilities follows:
 
June 30,
2015
 
December 31,
2014
 
(In thousands)
Security deposits                                                                                  
$
13,072

 
12,803

Prepaid rent and other deferred income                                                     
9,028

 
8,971

 
 
 
 
Acquired below-market lease intangibles
3,371

 
3,657

     Accumulated amortization of below-market lease intangibles
(1,444
)
 
(1,380
)
Acquired below-market lease intangibles, net of accumulated amortization
1,927

 
2,277

 
 
 
 
Interest rate swap liabilities
3,479

 
3,314

Prepaid tenant improvement reimbursements
31

 
212

Other liabilities                                                                                  
316

 
16

 Total Other Liabilities
$
27,853

 
27,593
XML 18 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 19 R25.htm IDEA: XBRL DOCUMENT v3.2.0.727
RECENT ACCOUNTING PRONOUNCEMENTS
 6 Months Ended
Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Recent Accounting Pronouncements
RECENT ACCOUNTING PRONOUNCEMENTS
 
EastGroup has evaluated all ASUs recently released by the FASB through the date the financial statements were issued and determined that ASU 2014-09 and ASU 2015-03 apply to the Company.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2018. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. For public business entities, the ASU is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Entities should apply the new guidance on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. Upon transition, entities are required to comply with the applicable disclosures for a change in an accounting principle. EastGroup plans to adopt ASU 2015-03 effective January 1, 2016; as such, the Company plans to present debt issuance costs as a direct deduction from the carrying amounts of its debt liabilities and to provide all necessary disclosures beginning with the Form 10-Q for the period ended March 31, 2016.
XML 20 R50.htm IDEA: XBRL DOCUMENT v3.2.0.727
EARNINGS PER SHARE (Details) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
BASIC EPS COMPUTATION FOR NET INCOME AVAILABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract]        
Numerator – net income attributable to common stockholders $ 14,533 $ 9,118 $ 24,463 $ 17,490
Denominator - Weighted average shares outstanding 32,045 31,137 32,039 30,972
DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
Numerator – net income attributable to common stockholders $ 14,533 $ 9,118 $ 24,463 $ 17,490
Denominator - Weighted average shares outstanding 32,045 31,137 32,039 30,972
Unvested restricted stock 94 107 82 91
Total Shares 32,139 31,244 32,121 31,063
XML 21 R42.htm IDEA: XBRL DOCUMENT v3.2.0.727
BUSINESS COMBINATIONS AND ACQUIRED INTANGIBLES (Details) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Business Acquisition [Line Items]          
Amortization expense for lease intangibles $ 1,041,000 $ 1,121,000 $ 2,185,000 $ 2,333,000  
Above and below market leases Increase (decrease) rental Income 110,000 89,000 232,000 176,000  
Acquisition-related costs expensed $ 0 $ 160,000 $ 0 $ 160,000  
Ridge Creek Distribution Center III, Colorado Crossing Distribution Center and Ramona Distribution Center[Domain]          
Business Acquisition [Line Items]          
Total cost of properties purchased         $ 51,652,000
Amount of total cost allocated to real estate properties         47,477,000
Amount of total cost allocated to land         10,822,000
Cash paid for acquired properties         48,805,000
Mortgages assumed in connection with purchase of real estate, face amount         2,617,000
Premium on mortgage loan, amount recognized at assumption of loan         230,000
Ridge Creek Distribution Center III, Colorado Crossing Distribution Center and Ramona Distribution Center[Domain] | Leases, Acquired-in-Place [Member]          
Business Acquisition [Line Items]          
Intangible acquired associated with purchase of Real Estate         5,074,000
Ridge Creek Distribution Center III, Colorado Crossing Distribution Center and Ramona Distribution Center[Domain] | Below market lease [Member]          
Business Acquisition [Line Items]          
Intangible acquired associated with purchase of Real Estate         903,000
Ridge Creek Distribution Center III, Colorado Crossing Distribution Center and Ramona Distribution Center[Domain] | Above Market Leases [Member]          
Business Acquisition [Line Items]          
Intangible acquired associated with purchase of Real Estate         $ 4,000
XML 22 R37.htm IDEA: XBRL DOCUMENT v3.2.0.727
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of total shares granted, forfeited and delivered
Following is a summary of the total restricted shares granted, forfeited and delivered (vested) to participants with the related weighted average grant date fair value share prices.  Of the shares that vested in the first six months of 2015, the Company withheld 32,409 shares to satisfy the tax obligations for those participants who elected this option as permitted under the applicable equity plan.  As of the vesting date, the fair value of shares that vested during the first six months of 2015 was $6,664,000.
 
Three Months Ended
 
Six Months Ended
Award Activity:
June 30, 2015
 
June 30, 2015
 
 
 
Shares
 
Weighted Average Grant Date Fair Value
 
 
 
Shares
 
Weighted Average Grant Date Fair Value
Unvested at beginning of period
237,485

 
$
51.88

 
266,223

 
$
49.81

Granted
23,525

 
60.89

 
100,622

 
61.07

Forfeited 
—

 
—

 
—

 
—

Vested 
—

 
—

 
(105,835
)
 
53.40

Unvested at end of period 
261,010

 
$
52.69

 
261,010

 
$
52.69
XML 23 R52.htm IDEA: XBRL DOCUMENT v3.2.0.727
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Jun. 30, 2014
Dec. 31, 2013
Financial Assets [Abstract]        
Cash and Cash Equivalents, at Carrying Value $ 13 $ 11 $ 19 $ 8
Cash held in escrow for 1031 exchange 0 698    
Carrying Amount [Member]        
Financial Assets [Abstract]        
Cash and Cash Equivalents, at Carrying Value 13 11    
Cash held in escrow for 1031 exchange 0 698    
Mortgage loans receivable 4,934 4,991    
Interest rate swap assets 1,585 812    
Financial Liabilities [Abstract]        
Secured debt 385,714 453,776    
Unsecured debt 455,000 380,000    
Unsecured bank credit facilities 133,328 99,401    
Interest rate swap liabilities 3,479 3,314    
Fair Value [Member]        
Financial Assets [Abstract]        
Cash and Cash Equivalents, Fair Value Disclosure 13 11    
Cash held in escrow for 1031 exchange 0 698    
Mortgage loans receivable 4,978 5,055    
Interest rate swap assets 1,585 812    
Financial Liabilities [Abstract]        
Secured debt 405,240 478,659    
Unsecured debt 428,493 364,295    
Unsecured bank credit facilities 133,688 99,638    
Interest rate swap liabilities $ 3,479 $ 3,314    
XML 24 R47.htm IDEA: XBRL DOCUMENT v3.2.0.727
OTHER LIABILITIES (Details) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Other Liabilities, Unclassified [Abstract]    
Security deposits $ 13,072 $ 12,803
Prepaid rent and other deferred income 9,028 8,971
Acquired Below Market Lease Intangibles 3,371 3,657
Accumulated Amortization of Acquired Below Market Lease Intangibles (1,444) (1,380)
Acquired Below Market Lease Intangibles, Net of Accumulated Amortization 1,927 2,277
Interest rate swap liabilities 3,479 3,314
Prepaid tenant improvement reimbursements 31 212
Other liabilities 316 16
Other Liabilities - total $ 27,853 $ 27,593
XML 25 R9.htm IDEA: XBRL DOCUMENT v3.2.0.727
BASIS OF PRESENTATION
 6 Months Ended
Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
BASIS OF PRESENTATION
 
The accompanying unaudited financial statements of EastGroup Properties, Inc. (“EastGroup” or “the Company”) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  In management’s opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.  The financial statements should be read in conjunction with the financial statements contained in the 2014 annual report on Form 10-K and the notes thereto. Certain reclassifications have been made in the 2014 consolidated financial statements to conform to the 2015 presentation.
ZIP 26 0000049600-15-000027-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000049600-15-000027-xbrl.zip M4$L#!!0````(`,IZ]$:A+D==D?(``&.N#@`0`!P`96=P+3(P,34P-C,P+GAM M;%54"0`#:TJM56M*K55U>`L``00E#@``!#D!``#L75EWHTB6?NX^9_Z#6\_C M-/OBD^4^K#.:\I9V5E774QX$(3DZ$:@(\-*_?FZP:0')DBW)0HY\2-O$=I?O M+G$)X.L_G\?AR2-*"(ZC7WK\%ZYW@B(_#G`T^J7WV_VI<6_U^[U_7OS7W[_^ MX_3T7^;=Y8D=^]D81>F)E2`O1<')$TX?3OX($/EY,DSB\KPP\3?5$05>U`2?_]_,YYR&=&R@2ITJRI`]UG>,$ M/]`$1>,0/PR48K;G01+B<_K_"1`>D7,_SJ(T>?FE]Y"FD_.S,]KTA2#_RRA^ M/"L;SP2.%T\Y_E3D>]6P+$F`SV7CRE8Z4)H?&"#3JWL_^0_OLM*5E>AP](I*V#RG:6GC'))8$7IVC*Q\9 M)R/HSHEG98]J0(BCGRMZT^:!1U#5/?*P3]IIRILH2?P\25$<1=FX?8T@3<[2 MEPDZ@TZGT`LEV*_'O3YH?D""ADLY4I(L-_.`C2T,$#22;*D/[2T#,C( MZF20$U(VM"@;6I(X1*1U3-[2/HC*H7U0WM(V*$W0:*F<]#-HK[K2 MAF#!)&IY%HUS7=/6KG+1-9WMBE6O=E01M M'6%:_NQ?5Y?W_@,:>]/.^/7.IS4UX*'^]I4N=D[RECLT/,D7/W_(@0?>X+2R M^2]`2*]LI7KXI4?P>!("2V?Y-(6G\^,H1<_I"0:B79N._2;\^=W.5ZKZ@"O& MZ4M^I;J$`WIQB%%RDE."YKBHH&GU?^U=LKI026B*S M?B&R^P0F2ZFB:&P[6`$66$I+<:BGO%K/6K:\1QPNE8?T3>@"^](\&K;& MOMP-]N4=L2]]D[K`OG3*"Q"1MLI^Z3^_=*QY,X@C^)\8Q)W>LZCN@LD/Q" M'C7JPWP0YM,K-!Z@9)^RK\6*1I3FXEIQ,8#%GR^BZK:*W:]GK:N5Y)TUZ3M`SPP6LR$`C"#`*8C2"V\]'/0CRYO@U`N/%@$K M^=TM!`XMM7\[:.#R.([NT]C_>;1`:?#(P+&F1_'];)R%M+!YDSZ@A'9+T`-5 MPR/J@_\=HZ,%S=J\,S"Q_.2@\I.#@\S;\MD9`[0Q21,\R&BT)_W(>?81(3?# M:Y1^'B>TG@PZG?F^&R2Y#"J'`96#3&(V M=T(LZ=U_46Z'=XM81>Y0*W*'GH*PU/3#4]-=^84WX(+YA0_P"X<3%UC1_7/X M?Z;G+MJSV(U30>(^8`[,!5F(;H8%"*Y0^A"#`Z>GJ:?0F+V*T+4W1KD5H-'D M1S\*,MA,OLQN*2U$]P5]_%L4X$<01O`=14!Y!RWD'=+I78!XSC<63^>-BZ(K M0/C')1IYH9,358/%\DB*0^Q%=X@@+_$?"E%T!QC`V/D"8X6>5W)VM#J=AL%D M$B<03?XOQE'Z.Y"=)1W:^+1J=1K^EO+6:;T6Y_:D(SZW-Q<]MWJ?D]G"Q]G" M+N]+LKCU,7%K+_>:6:;[23/=/9WAO4UBF"9]N0UA=B,*J,@FE'CSY?O+9`9' MXTD2/^8;;P+=;E%"\L)9.;R00CWKG1>-T%R`N<(1'F?C[F%L#0&54%I'0BOA MLP%5M8"G86Y.PI_L+NA'`MM[9L#>+;!G)SN<#!"5H+0SY:$I]^WXA`V2D%L)3&!24;- M3EX4W'EC,/]FDQV//1S59+@0CE)TB1\1I%Z0NHSP($0&(2@EYLN5]^\XL4*/ MD)HT$X7QT]A+?J(T1![IT.9SBL)6P1=.=/>2WY8'WD!Q!6OMFNM\HER4F0[$ MK)@=;,<.MNO^#ZFZQW#*+GG@_@BX<^_8EW6FGN7@4H M%G9,?U`"&:1707IC01[)D3'FJ(\9U5USU`=726S)AYEW[YX=')AW/[BLO24> ML&U?5[9]A^`G%U/@RS@:I2@9VVB0SATMND<^6'(`0)_N0:6-P\+9 MK&2Q\VFC_(VG;J(X1UN\-.(.X'/_Y$WZM81GU/T(UUY<_(BN@J'+U)=MNJB;8#O&IMD?UAQTQQ M#ZGA,:+U2.&PHY<.\3MVC%U`S$?ZMRU'4'$/]U=6.HW[XW49#=8^H<.0OO$' M^\SF_#=MMFX)I;_L`ON[<@3%!TIJ6[=ACD?DQYB<2GJ&T7^;9LAMGMX9W26\\* MBT/@S`#W8X"STF:V]S&VMX]W;[,(>*`&R"+@D5OAYGDHBX`L`GXNV]ME]KGF M\0!#X<;%/7%<=J8OZR1-(V*&N"X2USV6\)KHF54>7T1>-E:J\!!ISQ\6C[47Z9^V96N6NK?$7TS"H_[WZ4626S2F:5AQ8KV1T5=D>%6>6^ M7L_+:K<=LU%6NV46RVJWQV>QK'9[I!8K[NI5(]+QV$MPA'T\P4#?W091FDS.>A/$+0L2+`ALGR$_CI$/? M.4&68.$C-[/`S+$'#H M"-C=0PH\0T`G$+#C;\N\&01E*2??D_R5`4ME5_@]R3_3.?TXJ16/)U[TAF>/_@) MZ*5\.A-%:(C3_'N?C:_C.'F5$W:2-\,A]E$RNW3K;"1=G.*.%F2PGZ+@/HW] MGPNEK-O0BZZ]\51RA5#ZP&Q$UZ7MM";_&W'%D%$:NAM0T2=H3, M::FK'9I;(7TULJ+6"7;\J/, M(7ZP-RJ^`;],P0?NC8YOGS[ST:^MN`5FFWNPS:X`_%`^[;7%+0@#.`/XX25V M;_7@5:WAF.$YS^,G]'X2\W[,^^T(X(?R^<)]51ASW3S$88"2.Y1F2<0*C,RH MMU)@7(FL@][1L_HBJR^^SQ&S-/03@..M:2@#Q^=(X=@&]M#`<2CUZ6W>MF(; M6+:!/2B`+[X3Q?5P\KL79LA\N4(>R8J-`D@3DSF$6EZ2O.!H=(L3G`LDF`N@\0MX2<1A"#A$A.X@U9JO\\&!/V5`6W.XVS>7=>,\P=] M:0',1]UZ9KK2[1(.I\IO9W&_R>I&;TO*^PM;35;[#6!8"0HP1%*??J'[97J" M#T>P`8A^YI7B^F'*._08AX\0A^='+=Q_>`UK\X/M>.SAJ$M(:XJL/!2WN@RQ'595;I,JETZ>=CAPS_L_A_L^2.V`KV])7,M3`- M(3GR&(1?A_#K@F*(W<+)$.:(F2/^L'3DHT_!K%T]89M.MND\I&K)QAZB&?\XB7&`\RAIW+,;%S:"+4 M:/+J.HNS56U3#E^3$?EKF+9*/DL3-#JGS6^0/'WIXVB)2JN70HXJ`]MHYD(P M*["R5')KH*5UVM5Z?VW6?\;R&^,*$?\?#')(G!^%*\ M1$ATM6F7=58*$#XWP,L$U-.XH3GYY:`J]+BN88KJ18 MHBEREF#KBL"YAJR8BNST+H9>2,"F&Y/72UI9DM!KF/A>^"?R$J=P,VNLKCJ2 M;O(<)UNB:_.<8+B<4:XN:[8B]BY.JUO[JU:J2;%C/W\E<='C-G=M+EPC:]`B M<:IN:Y+":YPI2(Z@V[I>24)3.*-W\4THR%BZRA(Z**7K4N'`FK;B2(INJJ`: MG5,=JY*((#M<+W?K;734JS2H*"A<7RNBP'&J9*FV(.F:[9B*KKH5#;+"V;VY MT+)TI08=-)RNL;S""YQB&HK*<[;`\[QD@F9*14BJ;O8N>.[TV_S"=.IZ/2>/ MJQ9<3KRP'P7H^5?TLA[?HFUI!JRJNY8F::Y**1XQNWDMHY2)_W( MGR5H?MD%FGZ/PRR"#+80Z%H@,E7-=2S75207?(-J.6KMHG5.T7H7U_'L\@LK M+*S_!PK#7Z/X*;J'F!I'*.@3DL&^8`TZ7$OE;`>49(FJ9MNNQ=?",05;:H!Y MR5(Y0?EY-:9Y-S5$TR](%A1=-!W(:6Z[8%%61$QIL0GS?'YLF"N.G;6A345Q%M2Q' M,`5%D3CPL)*9LRG1K$J2%]D\Y47J,=9C=`65.V%TE3Y56S%T7;(LES=5SJ%N M6ZH854S;;#(J2=)V&=VR(2JJ()NB9@BJ8SJF"SY#Y0J$0MZGM/A[695G&-H$ MBUNV+17"E&-9BLI9&C@[651TH[(MT30;NEA0Q?LI)]IF6C!%R[)% M2Y$UGE=Z M3L6SL+W,,B/Z(B MJPV&7B-I"SRLT@GDWKKM.BKO*(H@:+#-Y"M'9A@.;S=X$"%2[Y('T.=F6A!- MV80DWI%%7A%U'1)I12E0Y=BJ(S>T(`CJ1EH`@MY-_RH-:);MRHK%ZZ8(05.0 M+;G:7#J.9MH-#?"Z\&[Z^U%^'GJQZU9<&&>)L.OC><>4==C="*9CFU5&9VB. MU`B-FB@U(\EF%&Z=P54*`XN77)=S!,T4)$4#C(E5I#0$SFCXZ%--%9L!9S<, M;B\2J88!BH2\W%)E0[-YF^/*'84-6PVUD9CSL(D5U^5R(Z>]%597*51R38/C M!-BY070R>=.5"\0"JX;"R0U6=5EK!J9W<1J"]=)W4[MQ8L?9(!UF(8RA#[N1 M.^0C_.C!7/>P;:4?.[K$$;I#45K6(S;TEI`D\8ICVXH`R9ZHNJZJ56D>)^F- M#)WGA"FK[R%S5\RN#&ZBJ9F**`JR++N2K?..I%6NR-4-IQ$:U*TSFS^Q&`]# MB(()\D./$'J/,A@F\=B;HB).'U#BQ^-)@A[H'!DE[-TRQ0-6U1-6175(N"9G&;#MK'A/R$9GJIE!P+= MO[;^[(ZV.,[F=?`9HFI+KFZ:"J3LN0W)BB++?&-?>,KSL^&\^^J2.V5<$@<; M*.3%T=LBY+XFS153A5A91"=SE)%*W* MNEQ-,AKJ$B!([T==9D8@J!%BQ>,!+MB&N!>/(OP?RBE!*:ERGTLO"EK3D%I& MU63Y"()K&=*S1WBG34OS>)#19GH+"R7]?M^*PSCQ@MBB.TFJAD8G M6/W.&\>1UVPJ#QXMN<=A\*8JJ:(K3WN,*F4ZBG'UV#D'GA"J3]T+[7 M/V#LSPI?AGABV+;L&)9CJ)"!&Z9;0%^3.:V9!HAY%E#*?HLRG-/+Q,/!$.!6 MZFUZVJ$MC$NSCN8P$2X(EF(9H@9YOFFYCBU)EE(B'!R.UDCW);@JSTEYJ42F MP;5,*`*LF*2MHBMN7RTK@KJ\K1F0'-(JJ`RDBU91 MD^(50(O82-MY@9LI@[Y&SCOHEE?3+3N6)NBZ90N.K?"2*_)&2;?L@&]I.G-> M4M],-HZ2>A<"^@FFW7$T3#QJ@SX]$>3#X`3A\2!+2/'NTHWUP?&\QL6RH(O- M&H^0[Y.WS_G%YM"+^=M+'8NF` M89Z`AY65"1)AL5Y02YC)!\,2B\^+-!P6E]79OSK@=T#R@^-"6IM(K)T]B23M MP0LAN-PJ!V(MTTX0)RT3;37>5/&2OQ)N3<7J1B8.9+/>[K098KK''>KUQ?)Y MR\7R13DT&18#)P?+!_+P=CKY`@^Y00([("Z_"M_M(BC;"3-&N'$A:%`_&O8- M8TU@$JL4H]B`(,'JQ'TA'!:S4LZQL*E15C^2##-P:+L4G<&XN+.,F[RL<&`^ MA$ZL31*ZBA=OH^,'B=T6&`RPX6("^],J291-)$C;$$LLIUUB5>NHWHO8-+^< M3;]=%;=3,`;GH/XI+$OQ_;(\&@Z#-G'P!*.43(-&2-YP.'-K:EG2H:=&9A6> MWDK&$<2>?9[=YH2E)R!F,9E$'=B)R=+:8TY@ZM*.1?LLP3AH)-?&#(VFE+#, M/+A/B0L)NR]62&3N04`>'8EM.TX:2Z2C-%&BX+@+QENQ5`]:=@J@SDSGDXDO MR41*U#E@_6!%E.:Z$=^H">T8EL\-AY-(KH&CC"K8OA2L'"I@)U?6->YA+47' MP3L,A.^7X(9795,>JQ&WF/03V4%8]^B"JML(&A@F@QHUGG*+=G8E:KJW)3AY- MU;M!M1]VHM6VE@E/H*"Y9ESHK)6TF2RIHM8]"!ZL>M/`X".$=NEKB#B0P@?( MK5&8J=:,QB@LL40+0Y5I*+3@*Y^4POT`7(LG"N_`D`N6,V&LEIJ(2JD0QK56 M'2NI9TT/)D=NKI\'O1:T2:#H-&<2W%ZA6$..Y-W(_A[DW`[*YM#I+4;_II/U MMM.7$@QH'0EJS:RC/$E0%*#1'$TV^VC`!V9@Z3D*B]DM/WV@R;:"TP)Q4778 M7I2?NYBL$_E20&SECYRS8$O1!&ZBBDXR)P`V2D24SH!K\(]W]%\-1%M9/R]$ M3Q!525P31E30F:>B*&'=1 M@KM@+'@,&?L)#;%,1\>LSKW!!,9D!5&+]1/#\>AC8S;AD\''UR3!+O+8:B?` ML`)\A(?-Q#V1I\/G^8YC;4%#VY&\8'T28&6J`-82QUPU@ZTD@N/12]8?R6-G M!.;QU,D*$-8&1%+MN:8Q&2`Y1>&C!D#@G#*,\S4OK@4(V89([4/5M[S-_\2, M_)6;7PSQ?Y@4W-(I^PRN6-E@!6E%K/+>2L(BC50GV%J5I\<%R;*385?8-D26 M0.T#RA+#?\*"O9W.YQ>3#P.\+J]N`KS'Z]T6>.5;F7IQ$T!B,`8_%B/96_.[ MVY.4@3(&K#EEI$HQ2_!;ZR2E@NW225_;55KU*$+/Q>Z.A)@+5&H?J0\R,*]% MD+1.),OL>CJ[.&'J#`Q/)W/XAOET..Z4G/3DY'^;SA9?!E\*#-C#PU??'HOY MY6Q4'O:X&U84K4DZ5FUL%^_(5X8S"2)LYZI6`^Q.\`H[T3O*^!Z,OD$K'5=^,*X;OJM( MQ*(J<<"@^L?I[]/)UW+;/]`[FZI@-P>=G($S7<7@#+4R>R?K?F_/=!:$]KC] ME*R"_D<1>T:6M^HHE6/,`G-P)F"`(7I=:5^K$TM]\1=+GS?'B\RYW M$^!=+MK7@`P$^W+&]'@\]HVL*I_:+6AE.7 M;"39N00+`B>;4:1>&T%#Z)8B@OE_[-K,YW>(:&/:7@Q;,T^J,,0\?2]FEZ/Y MPP#WACDB+@9ILX'=#X7[_/1WR>C\?_\`A@5O_SE;TO: M_@]K@O^L!TIM,K(VQ]>E4"2Z&+DD7FC+^`]EI'=MMA06@(@;P4#.(N.?,5.8JK(Q4(-$];BO]:R/GI^3UB0%T49^JTR=@.(;&)."ER4%PF+L&F5*&!$#8:_]D@Q$/@I#(8E0&[.V30LXKY MQ#)WM`%09MD72_HI`3Q"!E6T1`879"+9@$=&?(J-@A7T*63P;3'YLKB>#C^. M;@HWA'?!S_Q/<;F`,^UV7.!A]NFZF#PH:0[8*GOE"PS<#6Y'8()V<^"]9QVV MR+-D@M?,@8>6DV:D4>9"B-R*[)^0L!:S\_G'ZP'\)-$A(*9.H1(*JKC*^*SXN;P0P^(OWLQ=>!+T6MQ,J,N%RS&"G4Z4\CYY+R=8RY".>` M\B9E23/-TF+*%X<2!I_[4N(GPNM%I(#73@3M-8F>"9-$MLRRP"RF@+D":=-Y MN\WY*$@]=4[8,'4I&M8)R3'5"LD=A]@2^-_+9;H8]F4E/P)K\ZH-Y./T?XOQ%6@V3&Z" MX_1A.M[1#?^F;+_'^<%UE?4JN`I_[ZZNRE48C%<%U7-_#R]NI_/!N-0$<_B* M\=U5A3D^:P1>V]7%+4X(QM#A2G\`%->W:%M\'-S<#CX!LW^^">/!?8"7GW$( M[&CV^1Z6R=U\!K1@,6>+;]//=Z,Q?OF\;O>]+]-WW7-Z/?`GC`6]*8EPUN;$ M-#AI=6PDPLY8*V%=#OFO=>D14)]GN=IGV2,NUVH5WD^_?0(3XGIZ!W(*QV6S M(M/QFKFU>364T%&3E+R@FH-&PC9+DRB-*5FCG@#`#WUTDR'HPF@@^#A M-(K!!+[A=@!?=#FZ'6`Y![Q=3$;3V=(DN*T:#F^;AL/)=%'LZNL\OHEQ'<>H ME(Z>!QT$DTIQJXVP3`M-`W226BA_U\6)Z=3<#WJN[7KIG%/^#_[&_ MJ^*TO*ERAO-=3(\`P(:!,[#JV91P,7LLT<[HK8?XLNE6OF5%\.+ MR\N[V\$1T;H>F6M;2"+'I"C#N8G9>E!*INZZI%X[0OH]N<9E/I+0%<.SXF9T M!R;)36TDC,&1K0[^V7)ZRV!16@Y5+?D0/_%"S:@0HTY8W:M,#CEKS1EKHA1, MNFZC*U_5U/\@4FVD<7C(HI@,8,/>P-'RM51GVT8S[&J%C4$&H:SE2<2,I6A` M;S.N%N2J,^SU5T99FZ$]"#J:_FUMD-1S&G)4.6DE322^[NC&D<&LI_WOUU81 MP,'D3R^+XFJ>9].;6-[IA/5UHV5H"8OO#JXH#YL3J/JJS+ MLC,*A!+>HG\W04=2OZ-6QEM.`CBO*I,H@1.<3-L,:%&DVSM,6S6,!U&_N^1R MEZ`[!S39*,!P8S+R8.L\([8/"<6Z_3#&"ML:P+JUDG(_\K8.+0:_-F63LTP` M?)(N6KTD+ZB>VT$XP$[W)6_?J2D'@IJT9U1JQSE+X*H0+F,]*5XG<%LZVG!) M[-[TG(:'K8W4@2?-A*)6>"ZTU\J+A@GLPS8]Q@M5AE0]4EHO!\1J+ MZB>8^^V!MCCI=NLTW'V*-MO'%^A*S!0[[PQUD@J.K8>E1QF4D:(S&_M78UN\ MGH[NQP-C2PT+(4YE;G!$>`2511-M*LZ]$2YUSS[:FHKU`M'HEGJVT2&'A&)BBJO`RH,#4$3[S085VHY MSB6O)^\J.+11TIX;CJ>UG>#R1036$#=":%24_$<$3F) M@`#'/IC$5-+4,\:SXKZ!`_1^=Y8GD4R0(^!H?'WT.K>'ZQ[T(VU-_7_8EOA? MJYB/*7OP?K3&FD%@W,6Z2B-]P*D5AWSCH<]XKUL=MEH8_16W@;(]#CYG!Y"IZI(PJ\%V$S6BF, M.B8:GI7N^C*42-O+\E9F5MPO.URQ_*^8S*O@[6R&>)4;][Z_"19;%!?WJRCN MO.QVP`*>NE*_#D["]KY#!ZKN3H4/+#Z-QF,,5\XN)O_$6R?/WL9;T5I_M#35 M2HI7]6!E#N(>*`87\`:S$E6?;[L3^/(:Q&?<]";\"&*^F!3#474;9T<^4EDV M-/H*#QB.+IM:M..;D%%5](VQ9@\\RPR MKS&`6NE;EH)3?=7RJR;OYR)KK\+?%OZ2P^OI^*J8O2^`V,FK[&^HTH\L4\W! MVY),1JJ5B[7IA=88VS`L1/[WR?YT@;!BFA\>.G\SJ0BK;AW_;?!]='-W\ZKN MGZW(KXVJ`+N+@F/AK-`Q!+`\!:]%/A+BVB+?--(*RY4ZN\SO(6*ODOZJV_<6 M=*%#`/=)FJ"CSE'H9!N[)FJS-LZ_$70,O;-700I?Q5G>\MY"0F1:(GPN,E5EQPY6DS8LOH MM1%;/YF0O\-R*;R$LV0+KWTJ?UU[R9!!BT@:A0LJ M-_5W?AX=&SFUI'ZNGO-Y/]V^6.GVM>=]K5[<%C.\@6@T&99ZOGO]4OLFU5,( M\[E$L2A;9B8/)7%^*E''0>AP;&(&S0*45O8E2)BEV M36?P[].J):9*_;KY?'HYPI)X[+YZ6%Z_JLGO)EO9'WS?)H"$1-YO:E7>;D,% M;P-Q'$RGS$/B@M+LEP.@A.A<7F36AH\?Q_39L!/[8W=HK[?8#B?30F6A:;0> M%2(CT37-)<)SGCMU.O)%P"D>0Q2IX2Q22SS80@[3_;:JL,Z8\C?=.7$O1!3W MQJX6Q>$64=P!H).>.1E3()S3I(V7N0%0TN[%"R]"^.0?],QS&S8VBD78RTHD M;L$VUU)'%71]H;C1JGOYYUG@7'*`4P/6Q@.,BOFS+W3S&@?E<*/8!,F7-#MG\)VL8^4DE4DBIJ2[AEX)9JRYNZJ@RL=@HGX5-Z/ZZV M%)SCXS*27:#L9[9$+D` MAY,JHF@RJMD-W'?O8.)PFK6N-3@C)$^I5K5-V3F`)JDHK68@+JPI4U=L;=IB M7:8N'TE0GDQM9B(CE>"F@&5#05H,D68I*$9U3AK!C+#\2$A.79F[8P396HJ% MJL!MHG`B..TS\*V6E1:@3'`]6)@VK3&-/*(KV<=KB8,DBSA*]+L97/3.O/TX_@,T_']Y_''PO/U8. M.OER\7D\^E(-27DS"
  • (6-GGC\+3\T!P)7/-+)PJ@HAAQ^EDF4UH/N4N+^]N[L;HY[7G%@`9U2V' M%\/?BT75=K9#X=!LL>D+I[[J%)4E3M;WCQ"#6?T-C;NO2[/'TI0Q7_S8K+C& M6_!P-,H>2Z)%CH%+QX0&GU9:2^H^9$J\T;3CHKTNR:XE6C<87<'#J^$E M.Y:!*;`W:*26N92\R2G73A\E5@?5.9I>===^J]&B;9?;S:1S2KL49/#1ZLAU MO1$H$ZG;E/H*_0[H^X>-[UB%8%R@VAJOD[/)&4JK"[L3R=$%TG%Y?]Y5J+Y\ M'R/HP67=*0QXO4( M\U&91&?(AG%B+VJ:6$Q,:RSO99X8+G#@4&BR<$JK3O_D*L"Q`]P?6P!^P`+\ M)//<"`#M(_9SA\"#,HPU86PCDN6=@,K*;SS+"AR0$-Z\`GUYX!>R'-IJ*G$` ME/M_]JZMN:T<1_^B3)$$P,N^\3J5VI[M;&9KI_91<=3=GG:LK&2G)_OK%Y3. MD251.KI8LNS,I"J5.+%+N!$$0.!#02M!KE+':]> M`>L51I9W]LGH!&2EMM)([-YF14RE78+V>C2@W^R=L`X?Y3"2$H#SI>@4+)I^ M0:(H*C=G0%_V4CA&`S^*2UJ')"//K^,FL]$Y80F<)X49O#']PA,ROGW'O[!+J*],_V1A2E"E M;H2**:BDD83L%XRQ4RXHF_[%"XR#X1)!M\$>/"U(2@[L:KW7/9HSQU[-?0<.88$\^%PZ+\3L$("R9V;9E95L:Y@O!53<^([9 MV@BW9=FWUA=G=O$*^VQ-HO2(&7-1E+SA^S/913J)@*1<"QLNC#!#S.VDZTS, M#&FJD*L+7HL7,GAP-G;[A"HS(;9.3FMMS\?+$[KJG^M>AGB*.E@'-8"WF).V M2F:M:<$!>,BF!9Q'I.WG:CLQSZ)[2/):\/6>))'#[()`*SJ($/!*:6Q!QFT' M,GX6NO]C?*28^0@C6)NR]<*R$3BK;+=XRD4XOHEU1REM$*E>0)5$X?1W=E,OVOT3_&3V/YBXZ.^;\]W\?D$DJ(*J&N MB.3>^6C[8ZE!QA:UD91L'.@I9%Z&U4$/Y%7@#$0IPWE?CMEQ9MY[(':=6^K5 M?7OXF5GMFW56L;C3>+%YJ]S>5V"!>/P^!%E$B.!DTB+E9'04"WC]ZIY0QH8] M=D^XR=VAE)V/HR&%)95LQ-JK62<@7`6-7>#6@0OH9=NLB^;L'.WK=3M.1QR2 MR4@6HBY`0J&BC,M-&UMJ$2"$);6+IWVTG8^G(2T99;1.@9,6J3F)"5*DIQ#, MMJ4^D#4P.S=/NQK??N*+BG_XYU_X=&Y[QAZ(HRN:.SI0@B3[15.PQQM"XTMJ MW856S75_#'7GY0S_4^[V%#ZY9'S.GBCGX),@M;B["@1V&@T6\VYU78.Q@44V M%I5..L&\"J>`FES@>JS1@#E:DR@9:X,UM6/)!,#2FZ.VI7&*=37I*S+(PX](U1MXLBWDECFC#Q=-:V-Z&N=',=9X-\F+(QML3(L8;TG/V@ M7]H@1Y!-E<0@`*VSLY>D9W,P&+4KR5%/'8+FDR20L@;U5"[(31)JC9%6/H^# M;S7&^'AT8"ZE%\6A"2(1YQ8%J5MOANB"Q09"WCJS2>CRDP^G:-"8DY)\R2>^ M-UR@7(KIUM(@>N"1M'=W>2F6OAV[)/\C_K7[0MF3H*@2;?3\9M9\$%=7%<0V+)YS`>*LBM(++W3A M"QDT45`ZT^+855$&WP8<$C:OY1>5Y4D@78<9%2`E]&1DX,.ALB+LQ[I5]+%U M0&JS-/OZ!?%21H76FJ!C0!0!4RG@H^LQYL"VZ^0X"3;7DN6I8%F'&574(F84 M'%T(ZQ7P+2U"?[RD-^WQ4OC6!/%B1H4JL;.J>PHE453")->)LC9VM4[?7N^` M[AF$5"CK5+./G.P!>FF4[>9OGC!B1%SD@42`0%O<0;5]0D:R@WJ_,O+LOC M!I;.-^+4RY)=-/.BM3(NLUSZ MB5-7J-UQ^9:$<]+L)Z0D.,&.PG-@0R1278W>S;QA@J91\#6XZ^/D[D<)`7&W_]AH1PTCRDYS`CUD<=`K!0HE7%][;AV"&?7QY_ MU$2]3*9I\OCIX9?'N_:U\J0G]&B-]%E#H%)W,\S^H_SCI8FZABQ,"^"V*W[70.415M4YS>K)3L8V.`Z:=MQ7XV&V]# MW1Y>2JZ+,A&-347:'#V[7@S=YFGC)+6YDU1R@/A-VPBEW_;-QZC)W&6/G179[5J^7#=/)U M/'WX/HPQM@B^EG=1&-U5S_+7W\;CVI/P%)H\`33-PG?^XNMD5A<\3!Z_ODUM.0$9?OH[^QO?8?[^/=Z/O MD;_\-+Z[^_?;Z:?O(_[4+Y]&L]GH,W__'Y-/C[?SB?'9UXX?_MSQ;!^.$2JM MG">'WA@5$_*O[LDRU7.[^K(W^]]?'FHOP,83T0YIGBCR5;2N%Q3YDR0_3O[X MVQSB_W$VYC!C*=7Y./[VL91UB6HIJ\\PAK"HY`R;;[*Q;LE$3<9C(]'&E`^2 MZ)9CMC=(R)&4#!5?M:0DL4C1W2;:2LQM#8;#1;M9TMIRGG:0,G2UQUHSY,L! M@&R,J>2@.T^E=>1_:GL`!*"%?:2$Q]GM/>>2'(E]NNU:F6\X:IS-+>7C>)Y8 M;6F8V7^=I90BNU43@D4.J;PEZ-K2HO4RML,N>OTJ/IRRQ?9/"9G$()(DF*<9L&KLW0\.7GI/5$2%IQU.@!C8^BUY#T;8_"U7D94`Z9 MD+!P""6,A@2DK8I5.0(])R9M,>@BO-0%HSSVY*S72_G<%G:(52F`6FBB M#C+%\.G/3;GF`$O;0=HY.1JJ`"<.58)A>\O6J>C!5>C+>=J(2F%I^N=>`4?M MV5F?7')6279P7E=0PYRM,9U[,^A]B\%Q=6:&U!.LRM+KDHF=&17RUN5>/>RW MFP:SBS##">;DU_O;_QM_[L=[1LMP='X@.0'D*&9E&(+_[_$+?_LR=MU^O2_# MH_Y#5X[W,I[Y>/OYUW&_K]9:X[B61=Z_?Q\G=Y,I1SNQMILOHJ.-;^+H M\N/H"T=7[7^ER9?1[?T3INHM"W/\T^VW5=(7?(;O?QG]?3+ET'7V%&J%,6?E M7T;3W\"G:@%;DI2URU!EL`)CB"%EOA%E\J(W@8CMTS[^RP!> MN0$LM-Z+X?W]''5WGQ%@3F2RM:(8HT5PCKH"@0FNM*VUPKQM.^BSOKIMK::[ MM?C]]MA/`0NH_E&%]&UT-W]W>>A1X^>0Y,=U_X,SG`7D@"GQ03:6 M)'50K%K;V#Y!V8;"O02=@X6A;OA8A0H6?%2&DK+*Y*Z.XGU=1-5(V5V+AX$A MC%*,LHD<1U2$&764W3,Q92U+.P+;VNI+\7"UG0:>;"HZ*9"Q3JAZ'[N^7"IH M2FK+Z5>2T:!'@,279K*V0B%0!*-E5Q7Q[*-$4UC?XA%>BH>KZ=GE)*TKP0@J MV@5AI>J7G"#Y%L[J0C)ZW6M/%'AV>L4%7X0P49&(2R%!U&W-XY##L&NMQ1D$ M=;6U'\)ATH6B,1')RL).=NDU:M7H)&LZ35"+3>+O[V^F->!.X\6?1Y>[SA_J/L^MM/^YO3$)KL$IL"(0V+<`&-:" ML3%W;T)U,ZK=Q8;X$ZM&;F5D%UW/YV/CSEWEHUB*14F^;[WBK,>"]?TS&Q\? M>`D^%A#@_O'AM\FT)DA[];#^A!ELM"I$TCD2\3=+TWWN M$[D@4:CM=GTXN3\_/LP>1O?U*?Y8$1?V'019&(5:QAQ37AJSINA/$_$*/<\@ M?%#8,20M'3MV!9PKB7,6;3 MYD_A9/:PVA+VL6(I;[K"`]R,`>^%IVRL\W4MJ4@>.]L70F]I$"6M-FU_*R4G M4SN8=R:HZQ63MF1#$BE!L?T[/NC0`N`(#>9RU.[Q*]D'807$2%)S&"?!ZPXC MI=;^;5M%T@(O2^W@$",'<96L4(RW4JFLP[*%I6375"E`H=X\D8=2^]?Q]-OM MS7B6QNR`ZD9[MOQC^^\XIO!!^>!EBA&D*L)TEAM\<5OJU2@<;J%W&RW/(7F@ MB:O(.3:V5%D&;WU&T8E8^EQZES)'(:V4'=%FZ'0PR;/Z6KB8 M[#F^#\YKY;U##4'SY>VS+E+U,5[]W4*J6M?:PRH)Q],WZ&Y-76"-G(9J3,#* ME]V(-CLO\"WDJY&TY7)X!GU['*S*#K)E*1I`7SC!+RYV\K-&R'8?= M.XP4Y^OIRV(]_?=E/T"93+^,IQ_N;^XY,?PVN?O&.>':)OOO&T#1^Y8HKW]. MWQ+P]#YNHP>`*/A>QVA0<>3GK`B@):<0-M0BJS3OA'PGZ$DHN_E^$?'5I4$A"P>#L^BQ\RI- MZ!:,EK0T^W4R)^14<@>G0UC2&:SCC,I@W5P=RW*:-4-H3(@TN_HSD7LTK+(T M*0J1,W'`*85,`@E[P.($T,3]`&HC9MI!QFFD#@*-!1^T!^2K71N8X[KWPUZ> MK;LEE5-$>S*IJRBP)]BL%XI<2:;BKWD^9[;X'A5]-EM/`9LC!2MQN!,=3>[3%NN2]*B]X, MD*B)\L%(M9?60ZS@:(-%#RK%.J8:@LTJ(H6N=I^2#]38`.@#;&`7I14^[VDL M_'BQLB\-699`R98*1\S!/BWQU45LBBNJ5I&V4MM2^ M]"Q9QTXE2HC0456L![XYI+^Z7X&![N1>7E;%$ MU.I#2[7I=([FHUWB,_LS)P,5@7:ES?E^%R90_N67NA?\V_A#_83)?>,*5L`L M^^3CM6\.FJ]BX=Q`RX1&%$&PM/S2_4Z:ON?-Z0VD^JC MNH_$F9*CG)+K5J!IK4QH,:?!-=[LAU`;O:G3%HW1B[S`.0X-P5IONM-F,<3V M>5&(39_WHVCM#1TV("<=N%+(H\@Z`9^^_K"Y`$US]SN)^FJ';64.YW6U^2>% M65!%C3=U6MC6`N5"BCGQY=ZVB(#U M6E)+LIW,S,,DCK>/K"H6R2(_2B]]29:7/V5@RT*0>A5X7=J-,$<%7Q>WRW6_ MW=N[7U?+ROUY;#%)R9Z#;9NEDH(T']AMGYU7U/+8&+[4<`"S!3$#Y62RS8C* M1>*E)M!&%Z7L=B0"@6@98YP%.A9E7ZC]J%"M[1H\Y.TJ>^0O,U[[]?RNK%07 M3#LE[4@Y@!OM=4$["^V(4LY5F(&OE^`8`%^I-D+HMEK-RIDT\O79]S&23 ME;$`4/&A\LAJ(?FTQXXPM-(T31'1O`H%S&*,]0YB##FB2J*.$6")>Z$#Y-:^ MO#*A#Z>#==8YF=<]GXK-:,'<$RF+NN>;JMU7)N@LRM><0$,=-@H^`7C(OL0M MY:MOAZW,EOELM9/6J20Q"U0ERD#2A]+73JH`;1NJ9,L];HH.+3><)\/499B1 M'Y)D?MQ9M6Z01J4@ M*?[28H+M![H9(YP9/$0^;N61[@'[*)298"?:P&R=9!R-S'QA&/)58' M(R;`*GT!L&VZ6#Y).$@?8Y&\_,[[%)3K>PJ-K^WTN\&2N@S8"O8\>W051Y9DTJ&W6#-29I--[=?/H_U`T[O6FV\%5!Q6N$!7>[F2;%NM4&0 M\W9M!V8VX`G]*LJ8'>!'AZ]WKEBRTF*@AHO?6Q M"Y/JVY,/PWJ*0W?OJ8"G-(S68$V=%W(%^$:)J?/OZWA`.7'A^R3)OVV?4;;>>HU7_=1//?WVPN!R529(\1V,F*X,!MIIK7 MX4%:I#:4'CQ?7$B1+[98KWKZBF#_A`JR%3+:6:E";;?IIJ_H2,UB690_[F*] M]EE2B*F0$>S@Q(+)\^4/K_[V_+A8_7WU\6*6W=]=?6+5_C="SW?Q^=[T.@:[?+>ZNQEZ& M'E_W9$I0)!)(D0Q_((3K&"&"`M"/@]R[+^L?5'VIQUH_5"/GTN/CC/?KT>-Z M\(CV$',61$"&8Y2>=9`_9YY5CT=FR0E=R<&7X+-!3][T$S%K2_9(/YJQ@W*< M'2CF(9U,#A1/!BE9#$%@C5OQ800WAJ;BQJ[G,QV)=#=/Y8"'6SI'U@* M.9H5R."#M4Q$NM40E\Z3MDT M^3*PP_*T4T3KGZ)_N?OMJAJ$CKJQ>33;^)CT.(?XPPSL>.*G>@L)>4^Q\F52 M1L1MC2E$JYM\/._+I_MLMT)GZWV0N_U>IG8\F>Y0V)&44$SM[+!4P.AD<^W\ MYU!-03M^9D@S?81:[^O7+;JOO*^S:GJ#]=!+>W0QK$C9@[.AA(AL-RO-:I^0 M`.U;BJX!]$,PG4^0R8?(X*AD%Z**[#FR.$G&OOJRSJ9I-KAJUN$9A=G7$DY* MA%`@::TT^@)^VVZO@VA7971;/:\X4VMC5'(RL"SLS:.UU5_85BH7B,UST9G$ M6;"S='6[MAT?^2IAEVY=7[!G:/ON"D51"\=S`9DEU$:M.LBWX_\(1HXLRJ!? M>`^@D\%/+8%*L8YL1(?[NYO3W2"X6(RH0,B4/N8'2,4?8=4R&99G.X@1O=_]8#H4RV0T4BFVU( MSO"O#EK):/LF4(26!/,@*$-BQ;=W_33'[E&PZO;]^Q4["SNKJPXY8\Y2]C(E MJ;U$PJ"[9DG0IGI3;0DSR*=V;A[0B\BZ9U=;T)7)QO$MJXK2'D4_6Z'.X_)- MGTZTPN]B3C_,^M6!RRR#UB#3"= M*L&>A5$8B%)*AD]2<%B[=C>%>'QX$K0S;-X@DCY)@DWUQ-Q;E9!#7AU598V0 MAI07/O2V/8YU:]I!9^D`P-'@II3)U[PBQQ&23BKZ)(H4;CNOR>-(:](P%W(2 MNCW7HK>\T,&&6*)*(MH'&C7C2X*F-L(.!^&="FZR.RV"=@C9JEQ(1*RS5[8. MAVM;L<%(>_S"UNJL1RG:XP=R!4AK+Y1,3B&+(%77R,$MT\$>VD4>V!UFXP M9/,P=&>JX#)\^7BH66,^NRY4SC[HJI]T,6TJ=J/*4;2'%3_-DF"RF)GM$B4( MAB&SSF-24/KZ+;"^,0,(;GB?SI.@-M74&KMRN_Q6VV.ZQ.%#=?^127'!IPZM M4"%Q_$T&H^N),$+A2*]MTQ\78R^L,PKS,-OG42KMW]U[UY.'N761[^9R'S0A MO?)&)I^*Q!S8+%=RX5*K_[K(L,006MZQ%U^6R8QYT&L.K:B#0`&>0Z!^;#V* MU+INH';8IN>4YL?<9$\>HF,&Z:2*3O"?1'RG;?JZ%?MZ`=L;[<++TD=#?\TV M9L+D`!P7>!-+\%0XTNFN%:JS$MLFA6'7UE'8SBS5D1ON4>SXZG?=TTX2$9-3 M$02'1!$R^\RE2S>6D*)OF;%?S2)-V;C@V.7V*H!(D3P[A-1-P.6MEYUII1KV MB;VD5#_PUGM2)F4+AY).:MYRQ-%1Y1I]IC1Z4U(WF.]0P//\8*$%D M@]%2)W'3ZOEU\6,DBN^T8D#RU@KE[PV2(0= M]:5&PM@.VY.6SPX,Q#D0VKD$FGS&<5%8TKX^U;%4.8NN6:X*E%LN)$``HN'Z MS!'HWU=W^V?I#.AWE;.6[73REMWY;-;*W6"UL;1I-8NU%/(QU/I+#T`Q3;'H M0BUX==G&*(64/O9;0`I&V*+01M@]*/9P1DSPEK+9P9Q8?@6U305\/UVHNJ0M MG3?CD.*I$[#KT68??\%$NEO:R"LEJKL!P=>WU`Z4@:3;^1L"C1@+U;WFQ+!(W>4KG:ZV,0^+D>+@B#G+5(O6IX!9925M`OI**(3X4\I M6M5>1:-48?,:Z@0L,EW7&LNB;'MXM<#AT\*1\._X+GA*:MPE^L)RM5I^XP,? MKS[Q9W:(\DH(JQ_I4S^V[HZ*$MZB3GR!2]Z35!^Q$(H&2-#4WDDUG"UVC()> M0K//SW6]0]6:G?CJBXU^/AM'FH=`B;*O9,P.BX>XY4B30366 M8GS=)P5^$?V<)82U04/FB"/6>0>67>O2,<;6$!9D$_8I,1@H]PS*>38/Z8_'BT-F ML=K>O+_546"?_RHW7Q<_W=S>WBSOMM=P_?D5\>*__#'OJ/__*]YK+K]NCA&>?>U\>/F M[OW-IZM;_P=+\'^+JU75PO1^&Q5WH\>UH%=WUUMG_/J1T+O"5K[-#'O$[#8[ M(LT[*W5$W'S/@6N)!UA)9FBMY\DY5UEO[WYF[;S[MKCE'<.J^K"'$_',&I.2 M0$+(+@?^+RF1[8:="&O+1LM.Y*0=YFQ.D76^UM9Z7WY9/:NVE+!>0%`&=%6: M!]>/NBB0A&V)#5$H?8*Z>B%/4].[#ZO%\YY#'V+FTZ M/2#`84)REI0G*NK;\EG55+UN4=B=Q#4G`-A@+%5_Z?,%>W=:?]ZSZ`NG8Q\SKN00YU/E(1?3ZDDHUWB82#I[@3A7W MB>Y^NKE;U@%CO5MP9&4D8R.)Z]9T%4/!F+>MWS+FQO+2<+#6\-^@U,,9=I,#4QQAX'U)I+S&SE=F11K=#C#[FRER M%H.O26Q.;='6:%MD96B#O#6IT+8D/'@SB;3'B?$\XIY M1!%%4J%`!,P=095W2:CF6K2(%Y1H4Z)RXBII'Y+Q#@H6=LM%YG7J)/(EM2;S MC=/&'"34"+JS";6/\<%*"92%L-E(8N%(=70SWK#[V,1F;W1]';B@4`\MK/-7 M"K4A2UXJ#B.E-,6DW,TYKP]TL:DXJ_U"^A"91L"=3:8]"Q5DL.Q/)G;J2X9B MK,+0GR<16VH.7L7!)*#Y,FWKF]O-MSYR4;N"K8,)\`37;9>E M)-)GE&[Y>=$3G+Q;UF*N8TM+:YM7(BN3)`-%2]CF%I/#)BYTCL3`;#0(C@8X M.1NZ9)EU\3)'A\[%@CYODY^(;>DP(DI[#,*M9_&P"$=;)RM%<)*=SL)65ZCH MG>F<;H,^V"8T`C.<-CJ"8A;*:2X%5>EX:XOFFGY?)9/ZK4IBK`X,!@[G65#N MNZ<)E0O6LXZ"1RJ>K[/>7"2=&[>XZA$N@G+ZV`-?M,(95JAQ3N0@:6NRI6Y[ M7NV02V$ORH?^YN/.-,0Z,DP&]E(M@4E5;?V181^AL;<.U:#6_M&O/AS2U"E& MMO@N2V?82EH5')\6["$)/6)F0`_>BB8AC61KJSK9L/[RQ[NK_QY/S9=!9(-U MZ)C-D+*%+1..)-4FR]_PA2Q:N'M@G4>.R5P`LL&,@G<>(@?_(1-N7<*86HK! M-](8\Q)R['7=D75?2>2LC*!3RK(??^2#S^UA@Z%U?38Q)CE%G0KH!8:DO5*H MK(M;WLH@2AOPVPLMQN]WJ\6&J^>!+_:A9>W>KV[N:ROPEQ7_?T->/_LH&5$% MY-.LLJHTB]GU1,$%607-S7CX49HOQ$OH:/(NTQ`5;XV@:M:NUOB3JG@EVRK$CO]0CQSX$FX/M2T71^7B$ID:RI M#^OD-9O)[D%=1\0F1#[4O'QW&GJQ1_:H.+:-VI)1QN=*;B!P.],QE::*_Q_E MG^'A/2>7J4`(2GDSW2E\)"1H'\1_ESIR]"R87KWQP;#8, MQ[^RH^!B.UVC^!?6\^P^>PI)V@"6I-(4*-B4`=`#>QCD`ZUQ)-LTU)]"!"V5D?'!]/)P/+LXAR$R>)*8(,FBLY"@B*-/3 M24&(;;913P*,(X22!^.<+@E55I/U[`U;KPF).DJE:H-U;AR-83WWP4!'GEU[ M!J;M^3R>%5MDCNBUKRD>EUQ(T!7;UK>YV,XU?V-'(L)#D)U+GCV.-R5ET"26 MB;>,Y"!7(?9$[5Y`\W+Z1LJ1Y3A1H(T9.OY5.P1+44152>#(U0E8L<^VDM`M M2:2=0+[!,`_D=/D''T/'UEH$\C/1DT>D@.\+M7>S/ MDY3DJ"52+#GQ=6$27];4O]F;Y-KR+'G`]GR`1:3PG0=^G=)!L3Z('0)M"=3F[05E@(&=JW#J`H<\Y M#_NOJ^7[Q>+ZOE;+KA?N',632O)]G2JI`%L<39(O\'[DBK71MO0"ZQJ:<5D. M`7A>X?:M%`5T)JEHK:WOU&9=*[01SO\_>]?^V\:1I/\5(HL-=H%8V^^'C0O0 MSSWC-K;7YTVP/]+B2.(=10H9L03RM.W-Y>2N?^2$?GC>8"&R05:F:+3&5= MWHC+?"CN*A"-::.5U003`;++9I9$C;)`U@87["_SV_EH/!TF[MG4 M1SD=]3>SIS$0KX7GAELFB<5T1?T"LSB;V91AU3VS.Z0Y7NI#1"%8>R5MT(I* MJB@V$'T;2@985K,@`*.%/_;01[\^K6;36;SX6CFTHO&%4%EZT/#Z>C]\'HV'>:_ MRN&"4*NV3)2JD&E'&8*TV-;5F660N>0MO%CP[@FVRS#[K9BVRXKY^3A=^CR: MOM$3357PDF-JA40L75%=S3?(!K(E(I&A[%>B2ZZ'T.30JBU9:L_QCCN)HG(8 MB17%B#$\*Y8?2`5??"HFLYOUYXYDP$*PBBAJ30R20$[F+8ZX$=][DB]\Z:AX MAR-VR'1?#0Y=$7%(T@!I#>8!B>75VWJW(B1FN6PHJ79YWU.#>7$S'(_JQ--, M1T9W"I*;`%%C[W^'@U(*%+8+@)Y@)A-<[R9A' M8T2V6.)$DZE;`N=R'"'H@5$,12=W(9$*4V6YQY!`J29G@BP]W]G4G+<`='L) MVJ0H;R\VCC^.($P+4/=+CZA.B$W8Q=@L?HH+GW6/4(E:K<,'9;JO!H=(M@BV M7ALPO`DPNYSSM.&OTB&J+!UIA]('$'\39J&W!RS(Z)'E03HG81(:$YOR#A'O ML[Z+@[)O2G-OX0]MS#*)7-I>MH@C(K#P5C2S4T:7;67(#/CP071X5QT#%16W M?+;![#,8R4/8C^W'=1QV;8%K.J8#@='FO4H=0?'`0532TKE,VGU0M""-ZIU!TD?%CM#HQ; MP:7#4*T;6.VL@0H&\Q5M:"*!R+6C^G&TVV*1_P*^KKC2THGLS:ZCGZT29[F) MMCJ_V"0ZJ0B(FQ:$-4A<::'<*F]FY7!2X=*6\(C)[6A9XZ37C:>WQ:C>I9M- MRS6:[6R^N+J9C6'&#*]OAK\5Y>+7UVXR_.+@QX_%9/)?X_G'+U`6F>N/P[*$ MXFF^^#S[6`/`ES>UCF6B`]]/:`*A)V""J&?>8*PJ[,`:V"PE+MDN$<%4[7;/ M`1,_FFM^`?TOAY=%A=OW=KK.27U1GL_'-\FZ:>U9OV-K%4KH\/O-%(6%+$)S M8:PP1&-N4%V#1Y*$&Y=BM'/-V M+7L/Q2[&BZ/NA7'C;;2)B20(SKD,/#2GZ]RYG+E!MP_3UN_N(]+>@L1I$W2, MTBAAM-;4.MU<7`*CYN9I$RQ/U+G4:$MD,((TEWL3_G5^M9X) MD95Y1\BT][(&))?>$?`8M4%SEG:):SMQQ%T>Y)EL7?@_6J8GZU^F"86?:^9U M@%71!L1K3BT4?21Y6U%^E_4)=#X6K\LF\'"''$1*945D(H:FUQ)R[GV`:"=3 M\J@.7>L9*$25@X2+0\'.@ZUW7#$/';PV3Z#8W3MB'9(QII-\%9SWJ=*CK%:& M&)7G,D^@S%$=J-A@XU10$'Z-@L1#NI5>U"J2$XN(+$SO4*X[!?E765S<3OXQ MOMAY`+&QO;#C&?;+%FKHYB$]?.Q=,2^KH5I_O06E_7XXO=S>QOAE^/OX^O8Z M0\Z.W$/(Q$H*J1/0?U"QWE*U$D-!_,//[S#_]Y8I#NG\]=IH/.VT$5.8"!50 MU>JKH`1UL1X^E@>E*-B(?@4F6A^$+BN4GE#'16J3Z..E4RW5N%?5[QE!EJ0MKW#I#0,"MHHX(V MT>4J),Y$Q!Y+A:R?[^#A)0W21DZ=1EJY0(R,*WH^B;M08R1CK8:E`P+=3_B] M?)7$4TB^/)3@7D(FQAQK"`\5ZJ!HPQQ1V<*F/T[X]XGRXO:H9EO-(?>56*IT M3\,RG:[<-[?L.A_KYEH M^D^G!/_D$I&S"$,3UO2PL420=LH+[V\[OE.0X:0_A[A`H#0+$`$YDP`99 M&YING`A_SPJG1)=ZC+35(.Z_X679^]N'^0M4E$=L+<0W;FE#9*-$C#G\TLI2`C:7M1["71@3=0ZM9\XYM.R MK0.QQC9@<`8B?FX@J5@[*>DKS]Z[:"*F7N^HN8J84,88 M&Q$DPQR"&LBVKF)D3FE-%8>"[>XR)0K+XF96CA?-G<2>#,DX)$)[I;C M*%$/S66M829HQP4E@@1%4@^C*AF/D][-\OMC?5'ZLX+\WDX M'RWW$%]/R\7\=AE]TK[UAZOA]&UUF)G:,RZ*\2(=(?]6C"^O$M'AIV(^O"S^ M#@]?>,BM5IQZNY;=Y4%R>MU[,-'->+-]J/M7X?IF,OM2%.5P.O)CJ*X7LWE' M^P/9+(XYMUXH[3$-EKG@]!+W/EKB`JSAVV9^5\PK@_SP,SH[;.M3&_)K\>V_ M3^1;Z0SAV!"J!#(NX?PO,80"LY!(M1$$_O`MB%2]N'P]7:(ZG'QFOGX3MY"$ M*?QQ5BL5L1/8A$#KN0FIG]^LX#F.&* MZ:A"RFF94[Z>6Q*'+;["QC>0B0M"OA/G/$'4JP]@*A*\\ZMB=)OZ0H[6UQ;3 MXF*\J-J^M@1X,YN&BF=V_`F>?S$^+YJQLGQUY]/*1?N8Y'V13O?/P40[CDXW M5W+'*84Z.>\G;2CQI="DT M"N>7;0ZPJN/N5AN>A7*!^&%3U+V.?772IIGLMN'K(]")A"#Z&I:,>^Z,A>,N*(GR2N?@7.>][9*Q)AQ9Z/@03L7 M%$6&K$)==CY[^C.0GK;\BCQ\LE.N@+$1'*:<)5XI924)S:X*MNTK,AMACYZQ M;]?%$&N7K\_$VSAU._G,W+IX3Q&4%M1:%;%'-%`4>3,S$=/AD>+=G0SSU#XX M56S3W(9T#4LRS76TW'`4F[E#`G^LG.-9^*":><4C9'W?V#G4U@XHT0BJ"T^P ME(@S(K`3RG,BJ$/$B*[Q\E`GT@<=F8^7,MVTA!'U8?C[;^/%U54%N7`)_]"O M1>EA1L)CN,-;SR71U'HLL294Z7I#FA,GV19V2>,.2AAJ%WL][;1MZ"1EPA$J M1IM\&,OG-E";[XOU;?QTF^LNS6"M5@@;*R@YX2@F41C+7-UIJA.(?%>P@`]O MKE7'R'EW3=\4GZM?W:EG=5NU$*GQ3'DJ#`.M##,V-*H)T=U)(+:V8>XDV%UT MJ?*/^SBMU<>I&`6W8>*))1#J4=.-J[5&6XM%W\0(9FX.5?BN& M.PIG`'NGL$.4:VTALAO!C&Z,):!._I;GZMT!#+232C,%BS63##'"$\;)?HU MFNC(D.2)Y(FTQRK>8ETM5^EU5LPA%P2`3%S1=R53"N!H\5%BA47;A MD$OXK,Y'\98(O27[.XME/!E^G!0?9MVCHI_=@Z)2P-`P,7@'*8;AJH%D,%B9;)!PR07F![0Z M1NQ36>+)HKE7A"DA16`1>>9L5/6IM-&)CB.[I?^"(J2Z%NKOP-1'9@7"03G* MD'(P(:7R*AF[,3$7/JOP7Q#*Y7=DX*-R"XTQQ%2A'!4^BL3(YD23K'.5HQ\J MR2C]CE:('D4O&"T::AE70A@/I1QM+*F0SH%2"PV-06""M811">A,I M\ICXSASAI(.ZE(15N"W8J6 MF6:1E%#U9R9.!ZC?D8&/BN$&&X,"85;2B)V3Q#4KA%:6D,RH2DK4(1\@RNEH!5>R23&55B9#WOUJ8WA_(QX5PX6T5#%%.-?$4NT9;L#@ MM)`LAP2L4(\>V:0?BNEPNMA-_WNHIG;..\NM$RQ0DVX(L'K#G@JH3F+.*$L$ M1)$MK7(1>DNX+V-(^*/(D.@\2;SG6G%O&@D3?VPF(64*J3X2_FM:'@OUE&#D M#0LA:FK2.2W4QBO@5.59MEA1A=K43%MO[R/77@X^I1&V7D+8QY!S)NCW%005 ML3;C_&(\HXS:+5>KF7%Y?>KMA1]/;E,'2]6!\/9V42Z&TS2T>R.P*<$-3L=' M'E.B(L$,UV%5"OCC.WHC*"8MC+&>0CZX@GN)":(P$0:,0ER"0ES2FN`6,>+1 M5GOR6D'4PNE_4@4/0,2!]RBW,-A<.BXU#F8'KSV(*-E"&UNW*&&JGY6">\EI MC?"4"UAJL'7$)=YDUWB02[5#P19_V2,HF'W)#LOQ>>\96'$U0L&*)$>$I$T4 MW/B/)?*6S@&*J;R+>MTB/K!R>QGB*>90?A.8?Z`@"\[K%59J$*A3.:1;^&U/ MIMR!F1>"8L;Q&#@-S'$/*TML9E[@O%,Y@EHTH4^IW%Y,5DDL5T(Q*H(Q+$*5 M0!O/R;A%1[:AW-V6E3W*%9BQM/!Y^OQN=7@^&@83P+ MT>#S>'&U^9'!7\9GQ=E/@PD,^?3QJKWZO&Z+AN_^!"^KBZYBR<;\T_J=B^'O M,#SAFX-9VCX9C*K;!]4_C*?U#P'DY+RZK#\`+9Y6VB]EB.!F< M+_<,P":C^F&SBZ4Q:C'.UBX<+*NIZB'I,V71O!]>`1-HN.PU7WY!$2Q?E0-0 M#5::!2AR,9LO'[RLQ*H75=I/DQC5<_YR,X"G>5'M,X%2@_+V?-L'PQ6'Y]E@\`$D:+VU,M`$%IS5$VY@>;R` M]7/S*;4]$E?IQ]2[/5BVMJ\=6K_F"[S$E%LF''PLTF87:'Q^?GLS+F`HC+:I M)*[A%>?I`Y5=5Y]K;-7XI*$Y_*D:!&OI-YTXFX(Y6K9N?Q]^&"[`9M?#,?CA MT_`SP=K1OUT5TVX-LEG<<\J=SR:S^]?: MW#AN;/\*:NMN1:[BS(JDGK-W/^BY43)C.Y:=ROU(D9#-#$4JA#0>Y]??;H!/ MBY(EF91(&579"N7A`VCTXZ`!G/9<*JRR4__UO9_B[XE%"1(Y5>/A(I_&OU## M)\9\Q4E&%DN')@>3/5''2:M@C?LM4%I^/]J<[;/5E1(KB!&^(:G:D2L*,#5>?=X;'\/I_?]L&E2(< M-5TOP(.^W,QYRCVD/8;NWO.4UP'0JC\:=MJC1KO>Z;?:';T][FL!M!J-1Z-Q MXY30JHC`WX-(P645&A2F,@WW)16^"M)(/C@D,3KY^(NY!V'LF7TY&FOM,4Q+ MPT+5_81H]TM]^5,,$X1B4$?^._E2U_-AFO%[^,S*6^*+?\8OYHE8CK%D]$MXL0'=XT;YT15&66R* M^\1O<7_J3SZW`?S+F\U,&%A! M,\I#IF-I84?-U7_9+:O`T@))J,N?A'F.;9$0,14@R]WR,REBE(0D.L<)L)/I MR;-GO'];`_J+Q*S7%1Y#9H#('$!S?_R",/&7W_!.#+H'#$/)U-2#ALPAVGQY MLBWP_2524TVJZ0;@&%*3K[TF-%/=J9F-?24OO>H[U;7UAKH>(ZMR*5]M@A,A M;XT4&NRJ4,6:&>;W1]];N]:G8+9NFI3.YP<+[8SJ%):NP6DEUJYA"?V25_)* M7NUS=49@M=4)E<##9(/6_\E+7&?POQP/%"L>55?J;:UP&95`/:+GLF#AR93D M`\]B3B>X,IB;L"Y-Z=1U:5VGF'!5`/[>^G1IP'3HW#=:);'YRH`0( M0UZ5ZZJ`5%'!<^\30)>N4M?G6LKB(H@&*Q"$%F\4YX49'Z;95:1&G2+:= MSWZ"]6<-%YO/;DO[+Z"=4*!5$V)I!'<1FOCF&IG4Q(\Y^^J9_UG;.,V:49#_ MIX7A?ZJMG4/%Y>?/'MIJJM)H[+TIZ$UE?J\@8\=? M#?7/%NK>>V$J//\I=W`]GT6?,RJ#,>N=>FED6#5C/LQVY8R1QV.%N/!G"-O& MEI!^CH!]U.X>\4Y^EF7CA>4*VJK2U7)#WV^:^=YRJ3!TEY/98I6H6(,\9\S5 M%*TM;;'\TVBY4B#7K.2:58F$*->LSKIF=1E'M")N4Q])(-BSL23.CM/W))Y5056=@1+67*>=/Y#/O)* M7E7KJ@AD5\`J2MD`7NM4:R5E\;8R,W%Y2Y.E@772G#YZ6B/=@D9ABQ+WG%;^ M;8+;7-1/RV<#08DG*MGA,3^^GC?$>9E\/EI;Z33S8QPY5H8E4"^98JH.)#G" M.BN)5<`ZFUUIG04`F=\XW7KF_1G7HMK`G@4%H@($#XS>S$=AU9=#"@Z,M4Y= M'ZGC1J/7&ZE::]!MZD$MI]9@,&A6N.!`=AAZF([(S9B,IO>3;[W[T73GB![= M\`]8TTF4&Z%+PX\.B\UMUW!-&Z`I"PO8,BQC!&HY]_P%TJWRTDE_]GJWQ*=\ M2SM+%#7"\B0+XSM-%#1";BJ#L?5B*>H9\:(ZQGR.=9FPG@0TP/.#7>YK5U16 M@OOI2CR:R*ORWS[]0=UU\",HO,*(%9>G$N_#7T&A*KP1FF79S'0\AB685O`/ MO*Z1B_=Q`JTM'Q1-M'`W3%#^(DM"G[,R6CUSM8:[0#YKAQ>;73M8EPDZ[I.Y M[RV0ZYM\8+NJ">:\%?_#6U$LYI*&2R]@\J>:(V M=;4_&(VU]E!K-=MC5=75H.1):S#4QQ?G@7J#P),:#0DL!KN$0*[(:/`V[SWV_Q+L@I-U')9 MA>8/684FC[SB^=.'9Y\HRRHTL@I-!?(YL@J-K$)31:\JJ]!(KIY76Y=3%5^7 M8MI0@OTT\DI>5>OJC.BJS*L;12]M7^32M=I46IW<"-W+K!YR:;K42],7N?0, MUJ7EN%7NTJWKT@]`#.D/ZGA+OOYG>FPE8;"\DE?%P^`/1++05MKMW/8ZE<5O M%HW:)#@KV"S.B<':2E?+C9OT4BSBPZ8A(^(>B;SDE;PJ#?*Z9'(11>U*$H12 M)HH^$HB[S`R;KC3K^3'/7[IQ77R"S?YA@R5:46*->"Y9NS\`\%'<$<]6OFWB M)5MYYO<21%)Y=8E7,C.563R@T\AM9V!9'([,3,G,U-'BT)1Z-[?%P4NQB`^; MF1(4%P%N"4X#!N=IPM-[)0AM\DI>5>NJB&35QZW;V%):K?RVBQTKQ[+X;)GL M*BDN_)AU&-6ZTJZ?KBC4I5MG10\!G9:9[;B#X"5B:RN!MF:'VI.1LE7$Q6U9 M76LJ:JL@-LI-495`663>J73XXJR.J(`UM:[2T'.KU/113.H=O&CO9")*L1GU M#6:SFWGP*F1W>ING:*B/.OW^6.NJW4Z[V=8&CT"Z.IZC?FTZF MR)5V>S>:CJ[O>_>3F^N=`RUYB0ZC2S-`_S@9$6K@VC76EHWKKIFT:=ZC!$G.T M-61WNR)S:(&-^PKM1:*#-B>"$X1QB(GY^[%UMLM6_MH,2-Z\>#S'<#]1ZY_^ MP>^_6P.8AE]U%05T1Q^QQCF^;/KI7UMXU+`OT$3G1<$/O1#+(ZZW@@^:SMJ" M,7&/FGK>"6Z%/`5>=168O@KP.>X=CZ=#5`:1N$S=!=A<.!">D\I:V M"Y]5>',,"Q50J$$-'!7X+BYD:*9@68+VF&N?<];Q;+CAL"O";X2@`JUTJ4D9 M0PXL;*=!YH;MXP@S>*7H7CSP@1RLS`;?;Z&L(^R)$]+-D##/L`*.OW^O73Z` M\:AF/HNNUP#KXX_A71LF>]2Z41:1Q3$O@J%W!?4>,@'B7HE0!?\NR`"AQ4(K M<&V"KKS/A`S`.*%+."Z.P9@]AX@O5#D6],*P:-AC;"P?,`SZQE8?L/)"ZD2\ M#!YLID9R7]Z_K9$P'2?7#`:&,?`5,V@0?N`XDC]]-&P.M6Z]KG8:C8[6:/?5 MC@B>@U9_W*_G$CQS8Q0C6[^0D>$0?&,\A7`@E551_%4`GP_!BV]1P6W0ON4+ M,]X-H:&[!^'C\P.KA^GD>C2=DL'-M_[DFN.J:<`"^8^'R=UH2"8`MZ[_G/2_ MOL$$N0^TEJAL?V?_L,18;T)T9W;(8@L1S4%B5:1M72:`5P)$$6.Y=&P1`I+8 M!YX>1XX\,=N8KB!R&+[%2-^#_R.U<6_:O\J^8^!94?P@M=YT<$4Z]:92%&=E MZ/))PN?GPU&ID.C'\4SP)T120#H(A:491FU/]AFU3\*[R:VC]VX)R4W`%1>3CXN'.2 MD<>U+>`P(B?O&8.Q4`Q`PQ8@0'\!(N2?!/CFF1$?,F_TVC>?#,;5!-Y@++R` M:=AV+=R8N>94P@O0PQ#VS[P`/8%*/-IA]ABP=/13T`W/X*T6-@GN!7P'$EY2 MP%^`-SC>^V$X:YJ-0__T/.O9!J1I,RYR'_`?B)2Z62VF/TU*+:'J\8O#[FVC M/C8%8,[\/"($SV=)Q`JX.D$#C7.00)"!L'"4(XE&-AE])D;S;D2)C+>;AN^_ MB.D^:DF"YQEUBV]Z=2AT]1/,L4+M"EO%'T.%@@8M#/\[Q>/I,&8"UV&'Q4M! M&>A/P.-8\MP&HS!\\$VOFH@]XY!S7Z(_0(@WV M1##S2!:>19V-OH1^,-)^AOK#-^O@GP,TB]U`[FX<(!#9#/J"$],9Y2\6,DUT MB4^.?9L)`87"C-^%GV)\2A/^6ZP*6\WZ+<2<"S4QM"KDN9W!7[AS M#+L14&^C;W$/[,COK"ZKN0W=DG#%`EK^%]YLN"Y4-'7A@ M<8(=/C!\09S,C1O^Y='S;1&W-_SKEZQAXBXO]FGI&-`2X0F4M#UN M_&L8L*([3)"3MZ#HU$5^@SW9R^TZ+IX3O<4.!)/%/1IJN$D?FFS6*ZU.F*FP M)#X%#;Y<$_[#B#P(5W1H_-S!B!12Z]OL.[O%M46$@^>WPC;R! M6P8O-(O5K&-W54P[3B< M&T,OS#(&)C)(IG?ZAL,!Y/2)AG`)!PC&%<+1?\5X(M+@*5*P4+I-7UBH,`FX MMP$WTLJSXEL2A`IE>CHT]?G:%]$[J6&O/()`E`+Z9#FH\(9,E)*R)_PN8XO` M"6W@UQW0%3J$OFFC"Y55]Z.TY0UG0G\&&>/`[8E[P1W:,$_E7W#L>>3,,L=2 M0:#(9[D\I.Q.,QY39^!DJY'GK$4A!DR@\F`V&RR,I$-MI,X`HT'NFYM"E+":=/J1Q&08F`N\Q%XKR@65)OXM[D M%`#J2D?+$=,$602AO:\2\2!_7-8*DJ*K)]NWR-+`92C^9\SS!/NDPDB2,%UA M@=SRN&T%@)0%\@G@:9B4\FER/5&D@K\BM331P3J7:\RC8$9[+M+9+Z0W'9". M5B]L87V,*>!_\OSX-P#.:S_8U(7]B3=5Y91%JC'`>=<>**/:$>[$$BN5K_9< MPO^"?E^!&">)O$-67CX:S5>[(OC286)QA47E*'-S6TJ]WR5O>#^);$OZ#5PPF4UOB$!;LO) M0CL*[JG*?1Z4W&"0VK,3;SA0HKT$!D$Q/AJ/-+^.:4I+S1%-B9+IP08A`U=] M%_9ZD6-S]1QS/N@K^2X./A21;!T/%[D#F<,]\1ZF\LX+2[_I8G,FR#>Z1Y.U MS`U^H96DLE+52H__GIS0[NA'N?PQW:-8,`3-6P;$4Y^4JVBZT^9C' M44(R[-1P,ROYSQHF77R[Z@S/?XC364M,@.`2N@W-LWV!H;?.&+%;`)_FRQ[GBC2M MWVJ/1\-F9]A41ZJN]T?=X%Q1NZ]JC0H?RI7G$>1Y!'D>09Y'D.<1Y'D$>1ZA MNE-C>1Y!GD>0YQ'D>01Y'D&>1ZB@NLOS"$6SH^V31`DR(JG$"6)S?ZZ^AZ.OGGB$RNX?>H&.#XL<@SMK@CP7Z;4E0B-#6?E1V;<;@(R`V=SIRX M=!7&IZ6S9H+,B[M$@-_NHTC58+H')II\J@0V^LE[=N$&Y@%&#]=I60@@HP1& MV@%.4[QL08_XQJ2,K@;+U^DD2D'^OV>:Z\5:9*U$+,@4?NVKQ]A53GC(IPEI MV:&T^/S[+VR+W%`$@WA(1F)(PD`""!]4CG^N<^'O' M/G=JN5RZ/$_3SHH0ZI>.BCIJ;NN=A6D*KC^S$3PZQXFKLP-V\8THWSR^`66$ M&U"VS4S"?2D'R%GJX9YZV/SP>CBU?Z:T<&_P==IF'FH$TD._TS+T;9:Q@)8Z MM!#+V)1E\!4.LW<3[I]30[.3`9F;E<[JL_>79F75=FO%.ZFVV8XUE9_/E:;8';>6S/#M3+2_[EH5FC+Y2G*>M)Z MA+W!X.';P]?>_6A(;N[_.KHC64N.I/;U9CJ]^E)(>NN4=95+9\ZG$\VE^L$W MTU8?5[\J$F.++``8;OTQ5F1&'VW7#0I1B=WIYX34)9!0=DC(K41M1WARTA M1E/T9EN&&!EBI$D=)PY5:6FYU30O@2WD$F2.FO65*-50J&RSCHIF7(F]OKC5 M-WU$.V.+[C$YBZVIVSVWVIPTIW':H*@KJI8;;CQ:CJ71UX(!9XG,OEIA\WP6 M>LYX6U.5=F.3CNM<,JP:U,T7V4K;E;;[GDC;[.0V]Y1Q5MJJM-45UAX4D$-1&1]IN:9((TE2EJZPU^RT M.^U&76MS@KU^HSZ&@;@X@KV[R?3O4]*['I*'Z\'H[KXWN;Z?C*8[AUER[!W& M)BU*/P3LF+SBB^,0"LKH+5Z(:;B$P==YK0!WY;SP2BSF*LF-EN(Z#U0D`L>2="-^9SNZ$98]6:%=4&_(S=S7)674R]C^]F3`1X`AIOZ M3`GK+Q#D45>0A71!Z2K@"XQ[ZLU@,`4)YZ'54/9Q(J^]3D"6!P\(RL]#O$VK MWNRK@WJ]W^HTM0Z,1%UO"#K/OMIMCRI?#470*";X!.-18C$C8UAK03!WFX*9 M&JPE5L?;1-44"`2?%:XCUCMF4;?E2[C[_Y!V6KJ`2$^T+^ M[=G(,@Y_P=JMZLHTGIXL@G1H/PHN@J2\&DYK MRW#FP>N\;Y=7SUX^XY36X"^\JZ?J1*?^:SZ=$#;[X`*P\QE&@;AJD*C''E8P MJ&C/!N"Z(+Q!:+^CC!H^>!C1L1W5@H2VBO(Y[&0=5^NY]5S@F[1^)D)^P*RN M).OZ(-4]W!JRP$<%FG@E!VADEM6RL(Z2%1#+\J#ABX)*40F(5#.(\>A3$6VV M#D#`,KR@JR?/$@5MHV):-B-K%GQO&YXYU8`U\QJOM:@7AJB1WDQ+4`&?@O6/,\`FBAF4XFV2$1\&T2-?+WF8&&`[QR&:"?J.Q1%/-Y M"=(95N6@CLVK#PF"8C.)LH[`=%LAVG8L-TW`B1N?,S-/(C#!DAS)(U`15.6] M2^!U!PV]WAWT].ZXWFB-&WJWVPQ!7V\\;%48]&5/TF[O)M>#R>W7T93=&^R^U;GV*M?%ZKL5?+,IG';?@TQ_VNZU.NZVW!H->4P=$KHX$ M&A_J>KW=KS`:Y\_U@N(L+Z'7*,*BQ$^\O>#B9J+8)MO-P[9+VGN,4&H1O+0E M8$1]%XPIN15V:;^SKDM;/W5=D%,7%#GZ.4U6(CGY^?:=P>M`GOL"*T"\(VI4;>\*%J>F.1,<.S;PTHN;R>M6W"'`+YNRX M$)[F?0_25N!DXE=J\*+F)D[K2&WIVR[6$<84,TZ+;<9PQGJU+U>-O))7\NK\ MK&AE)CG(AK+Y'48]O5<^!4%&2VEWA4OR3Q++.Q7U8POLP$AZXKFG9^LNQ+L%0#6/KI>R4G&=FE.5[Z!C?K$&59\?F+/ MIR:U?_P_>T^VW#AN[?--5?X!U954/%6T(VJQY9ZE2EZZVTF/>V([EV586XW MUYQN]ZS#KKFN^TU7R&LDMFIF+C?2'`;J:MD=HJZMF;MV[37"`5:[J6I;K(=U MPV08CQ*_T+HA@!'7*HT[\#?77P[NM8^V=@)C76-+%-ZMM$>YUI)RSVX1_5%L MMQ)NEUE(=[TLWH6D;;8IVCDR5CSZ[F-'-2+U9LGAAIJR7>O8WEKZ5>.IDR*[ M%-FM#$NZ(K"N=NQH:V^P?3+IBOA-1)5-3.1 M&VD"=ZUN[YB(:VL6[KL(YO(E>N(._,KU%WU['7MKA0=UC2!1!+?2GN-:2\>] MSI$YX=A0^J,(;HGNE7<3MGWYJ=$[%\IMJ[<]J;P2R+4X9IN,V9I*[:8:NZW^ M[BFW*<1)X5X*]U:&H1%>4;AW$UB1/;+.'ODC\2)UHM;^U.=@>V!S1H&'<_'@ MU@/SA!HTTA5=4?BW3'/;[EN=MKDZBJ9KY362734SF1MI$K=;EFV;:SW7=.JB M`/#Z[MW\!2KC#ES5]9>">WWKJ&/N#(N&QJ(H%EQIKW*M)2508*>[M5*^NE(@ M18.WZ'VA/LW;%<+'5J]/;9K)4JVY&&ZF)6O;UM&1N;Y4[YTZ*;I+T=W*<#3" M*XKN;@(KLB]>8%_P(6P@F_#H.Q@3%.&E*[JB".]6([Q6MTO',Y/9O&NSN9EF ML=4SV("NZ<1%\=T7QG>?41IWX'>NOQS<.Z3C>"G"6VT9V>@([^$Q5?M2?+=: M_A>*\6Y7"!_U*,)+IFK-Q7`S3=G^T=;4X\:3)H5W*;Q;&79&>$7AW4U@1>;% M:FA^#7D`KY-=F<3/-7LL^-&?X-IVX*(*[ M/H+KDUY(5U74CIH?WN]:W2,JX:8`?Z55J$8'^/&T"Z)`"O%OW0?W?!1_]T*= MKJIUM0,EJ\$NJHYU:-"*?N_AXQHQ^&;I7\UT<76L(]MK%4AU';K8[- MQ(,SYL&M(&OJ50))YEXS71($&EMR2%1@S*[WR(QY9[+Q,-4!%)(Q@.7A3$\D,5Q=R\XZ8JN MZG55AJK7^/8$/:N_O<-MJ\)_R8M7[7*W6BMZ1U:WN[62TZ905-/\?_,SZ!JN MJ[D)8^ZS;TIA'+PV\>\5^-8V0IDKMRE]&3Y:2+C'_LBU8/XO>ZV!>`FBW MX7^RK<.R2H)?`>"J(R;YK^JCW6Q`UZ]BKE4G=$W7':O7*NF4):+KE:K4WV-5 M'KKL_B77/_T]D?NWG$\_GHF1B"+AGF(3HU,^]4#=@$FZJ=]J$+A*]]"JQYDG M'3^4221N`"HG?NA\_^7/?_J?GV:#1=X=C[T[<1%@&HU*F8$AO@CW%I!YX,!/ M7NR)90/!-@0(ZRLQ^OG#I[-VR^[]J_V?F[,/S'/A"^[$^\?GG=.3P!,AV:6X9U?AA*]F+(7'?2\0 M^WG!=.NO/Q9PX;^)C+W18[DR\NS\ZN+WP49 M^W)^]OGB\C,;G,+/%S<7Y]=KD6;C5?4V6U3OF8389YGP;K9!J]QCP4[#";"$ M1^9)]-R&4K@L#ID#/(I[`8L\^5TR#G\`J]DH"B<,.-288<+T,($OA90LG(I( M=?[2/E\!^!U./`?QW/74]P>,%=\UC;S`\:;<]Q\98"B_!7S%$=4$@%0D3H&S M>\\5[`Y>+N)';#B6OU!YEK.7@M&@9QF/@3W>CM,159H;/(3C.F$D"D_GQ/ED M6ME4\@7@N!:#N?H)BB@\RVQ6HF0QW_LC\6"%CVI"#O`6+U;/X`(G,&]8WC`= M%A\']H*-TI(@MH!-)Y&3.LG=),I[VN)T73&,V0@X/3X$-U@:'+XW\;#7&N"$ MP"%PN$0*?,K-V1',,>='L+RJ8MY&\F"'\[V>"L<;H=3V'S7D,Z09X8B]P"S5^%;%\S&-%7"(EK444U??`S8F/69OJU5/^F&'W*%'YF]^#\#Y0 MN)0$&>DZ7(Y3=)-ZRG?<3Q2ZW(\]!WZ#!UT!,Y_`2UW$U#G\?D(=?Y,K5F;! M]]*)O"&.(4"AM=3(2Y-)F_1?'[@L@!NH"O;Q_AU8L5K4A#$J"O>V9* MC<-H!+(Q*([J]7>A#Q##>:E>*%/U6A2"J/7NJY%2HM8\@X-T2_!%.$4DX;Q^ M225]QW/R[;N2XMZ#3F3!35)K*4DV1,Q)&/B%#QU.TC?0"Q"&% MDZ!BH)H;/=$VQ0/\J/A`\&8`I1Z!U.A76.B"%JN%Z4=$[-3-VV]9<`?^*PN4 M"U"H\_+F=Q#5DTR/!T$2N>R/!)@N<$Y`%B"?-NSPV?I;.O/$,:*?D:Q8NR6U--C#$;_'%K.WS4,[O#,QH?:]<-XNN3;=?WH!M';14[ M`\$\&<*>XH8^O^?=)WN>T[V9'3<.DI?0=$6G/K]Q\ULS\B)8T_S6]"QVSF7\ M.0J3*6W,-C=FH$6L4C.!U2@U$TA=\\(%/N.$`7K-4[586W=*IOZ-?;TX^7:E M[T4M'X9(K6VEYCXQ:7.5&-^&]@48OS*;AQK04H;%4P,?WH\^(%0"T!P7'/A! M^E3&-M2TT-BF=NC:&\6[;!`<6RP?)0=L]0L4YTI,="B!,!;:4)_Q-L_JBB$HU>E;(_-14MT7T&39KN%XJ5T) M;YO?-/RML'%6*HUA`=YD`OL':KB?D[6>)&X6CBY<*]NYVP!#/CM)>WS4? M&J2>F`S?ZL\<"K[3(KO$4DTV%/-\PH#-LF*QN>?L7/OQS%`.+_CNTLVT;E1JPW MUG+T!V.@+A)H`MX`G>.Y4%569]Q5EW,"SJ[,/>[.?NMG9GG:;]MOMUH_?;D[S3_://RR):+B> M5`\6_81#CHX$>-.'>ED M%HR082#`PT#8_I/?0$%SA>9XV;10_8T9O,9BPR1.0]V@.DRG43B-T+"<1<.Y MB_N@N29")HM0JU/!0(LZ$`=@/6F#;!^&Q'4"$&:/J3`VCOR@V";&*N!)5+ZY;>\+_P0,PYQ\9VO':FB\:;D-QBV>6<=_!0\J4"RN>"V+F MFR[3\-3$<_L_/'UH?U&<),C'[_'HDO_?<>`R7L,8T MQ5MI2U,I/F87"XN?3:I8;Y:G??>6ENF^H&)-S>7G#YWV7Y]-*)]/>4\?W/2Y MJK]PLPJ_$@I%C17Z+3CU^INQ_OX+;.@KI/Y9)OU:%D"%RNME^XX+E>N$?Y=9 MHIKVWJ*00EL2=`6V4D4@5"14W!HJYODE*[6\>O<\KA>.$GRV?8+LRRL:7TG` MQYM![W@U`>]=H*\M3"1'CV6I=%JATN5R@\#S^B'ZQ(V)F^J`L'(T7A?`E8M[ M:09Q`^%&"-<$A*N)AE=7`4%D637XE$Q].L^YON`A]*D1^I#:3VI_K>BU0H"K M%"'7"&Z$<)5$N"RK[Q6G)I'J3ZH_Z6[F6/ZA44\/H4_5X%,I]"'5GU3_6M%K MA0!7,B';I/H3PE47X5[4^7:C+?3+2R&O1O_@'3HCW MG(QO:#TE)^4?,'8M!+L,02.R^[H:R\VKB[U@A'GIQ1U?AU5+>JJ8:D?R#(>L M7=K]A$>W7J`GR9,XS+[0HD1]4T)FOMU^8VI^M[5AQKO=W_3!+3^W[7EN6D)` M`*VCV[)RRG*Q:*=J.=2OU)G-YTW/BD;6'Q*ULPD.J*:`:(-H8PUM;+?(H7J% M)I4CJIK!;[LX.V=!LZ^A-K:)I9MGZ<^5F+Q'EOX)3?O?T;0GC"-^1_RN`=A' M_,XHOR,OPQO1T+:W4MKY;JLW=RHPC(?C"C;F,^U^UC?V(9EA3&,A^&R[3/TY M7E8Y^!#^$'P(/L1_=@*?!F7`FL]NFD%S[=7B@9*JCV^\WM%?^R0\X_#67>D' M305=M0B_#,&Q$MA5P;"_;`VMUD!I0V`HI#,*#=OJ]8W%ORN_]_C@7>L[M&Q*4RI"BF4;840150-/L18ZXE&36:LG9?G=;\7 MQEK+@FXZP^R9FFY]KOD&]=QO/LX[/_Q\`6ZK%FFH`#H>1T)/2WH/+W[YVCIN M?>8M$P&>QK[M]91=H(Y%+A^IZ/I-1=>'?9R/L:KKSENKKGL@8S>KHCW>],%N M?^,G-WVP]R[FNO$K&SS7FOCKJJO3'^X@O;]:R?PW2DWX54OV+B+2NEJX>&U]S"'A>RUZ%837KBEV,4&.%B-4J?23A"#.?,-/7-&P@1"1$)!9)F/E^,//5+))4R[>6+^\X=M:L8N4* M97N6A'++97BM^M23*`M0KX.!%X98#57;A/&$<:])XRK'.`J`RS"N/>`<61K+#EO MZ%5]:JC.GWPJE4WX)/PA_"'\(?PA_-FB>E0A+7WNC9W#)QF?^^TN?%,2A/.K MP01`H9*A/9VBO.>'4O[`(N&$MP$\[\(/+\_O7>?#6_23ZE*5I9G2>U_5--[Z M8O6:,"CD=LN7%G72%5W152.N=JB/5+E-P/+("G6,6`N>MM5J'98.H@I@Q^:% M7^0SK9FSN0K4I@/G;:O3MK<&HQFBE`MEG\0_8+H%DS/L!1A[/.'*:Q@\;`D4_M%5W1%5Y6^JDCT M;U?MIE8:&[9MS*]65S6F9)N"3(>2R6BG%D*O;\QS5E?Z(7(A!):F>_`6YX?OCW@@N:.PZMZ+QT\:\'IQ@L0DYU89B5L>N5*=9*U& MV[\/HWC\>&"F;ROAGFZCG(%[#'#FP6RO]3XA]1?Z)C_!(0?&Y+#OL*N<3:/P MSI/($V7,U4['8Q[/;2D\[KN`-3"DX_-(YQZ[8L2!X2`G??*V<`@KYQHSO+EN MSME#JF/83U"!F>ESVLGL`B@`4F_)'7.SLAIP, M9@,IT`1A#!,7\#;'$;Z(%"-.*U MI=!FQ+V(W7$_$;B\0@8[4@62(AX;QX#[*[T#D%5+?^#^\+0LLF5VS]^N>.CD M4'4^I`60,;10[+;]_&+SXY0>M[U>=>",L?6";+J89U3#2'`'Q&C&I;0D#D`@ M.G$"XB_GFKD$GF.W^D;D9?&,>T;BC\2+-&@`16)?*.8W8Y<%X5X`6LJ,U?%5 M*/-!!*N;U:[`S%])9NO@4#KM+%_$B^CH/A5TZMM4=^)Y%-P4%1UV[!*HZ.7+ M7D91:N6%'TI:?,?JV4?F2&J]I9U>__3W1.[?@Q9QP*=S?M"(A\[$4\<*'*S'Z^<.G,\3_?[7_=3_W^2>_#+T\$[RNDW#*'R#JY7;Z/ M\?KFV^D_]T\&U^=G[/3;K[^=7UZK!D[E:!V]S>;?6SG]%_H"=Z@FG7,9?X[" M9,KX=.I[J24V+V`&UZ?LR.Y;9;DIBH3"]MEUC)10_'*QQ?-&3@J0?*"(*[Z% MSAD4?Q+?M3]$8@3:*TQCZH/QB?)-KST3GW)FG\S=[H1H_2*1*QL&1"P2>3IP M:B_,#%J$JQ+)Q7)*I?#D%JZ<'2&C^7C^5HDV!9L(CES&S7Q)\ZJ2,NUAPL"O M8:%%YCT[N,:3,A$NN61,N?Y689+:,<0W,9GZX:,09C7O?L><)JI0S=S-L7BG$2V:]G6Z_ MBHC>L;H&3:FRF85)JC3(+#KMK3,+31_`IHY^7,XVJJKZ-$95$SH/7[$,%[1] M)PXCS3(6Z]\W>;'=[E81V=LF^1AI:B5J:N;V'.BLDJAHTIK)4%'RB6!3N"]T ME3\#50^R>PW-]T+['Z1P0L""/Q*0:R)*H=RS5LJWDY!'+MYVEO-9/D6WDXIZ M9,Z+!9=,[K@1#\))=,!W-/(<`<]KAIY,4?$3$<:88:1`Q4L*B0VIXT2RO6GD M37@$ZV.C)`#,4)DKX51$:?1X[].G;S_@L]J9H_TP88S.&?P\#GV,ET0B3J+@ MAX-E51V#X%'?FWE;V#2)9,+1%X0!*D\N6>&]Y_LZW*U]]K.0\9R?##Y,O#@6 M&';6,7!/.C`93P6WW>R%N6,I`E5X?G<.E\X9P_M!,AGJV]+9PVQA1NF0J?D8&ZQU;G<+$>99.A5L$>M(\4Y@H/ M[C"KQL@+@168`6:Z_6KCTZDB=130%=&/WP-]I]>W(@"B\H'0JKHF)/)'8+BX M.`R]LG]P8!S1([-G0B092N!*0CF/$WW[&Q+:WK/(&/@RS!C3*KF1QR5>+C68 M'V(>,&#A>O&Q2B0MBI0TYZ/=9)2DL-@SCL4Y!8GPH M0S^)U9@@#'!VN'PT$.\%O(WK7*4TLG"7W8?KXE&>YL`N!U?G%S?L7*_Z`E3; M!RO[$C[!%D884U`_*(J\2J3$\=N@:Z5?8TI\*BKNQ+XB!JTRH:J,08TSX0@E M%CJVUG`Q.O*\@%NY%23G*BOG>K;5[2SVE:B'G.N9D0F%[+X*"3Q#B\L%WMPJ MGY=\VAY_H^@C`VH^ESN)=-[K:F%H!GA9(_<'G`_BDPM_]7YY_BT?I_]JZM.6WD MV3__MVJ_PY3K[#EQE9+H`AB<2Q4VD/6>Q/8:O%O[*(O!:%=(K$;$\?GTIWLD M@3#@"Y9@!)V72%@:S?3TKZ\STZGQ)D_E'DQ0TR$W0V_\@.%*-]0<=H:')*?4 MY#>:X]#U6,Q'M?D`)S%03OWM!)X7W"'KN+AZ4TQ&(YR&1+;&K@ENV`E=!R=AX!)#T=(-Q[)0*5*/29^UGU]3C\DH'-_.F+C%ZP7\8YFK3BW4'QQ:B/?91GW,U7AS._L- M?&;:L-P3#]Z&YR7/?#K0#^2]&-M.>O_R]>]W;C\:PB6,*2E4#G/AV6/!C].+ MA>7OLTYE#XV<'3)067JDUC/.G92=^710:?SRY/D%\P M0"?B(^*CA(^Z[H^UN*@D(FJC>_B:F!EAR1[*^[4*]3[%<(FUEM#'&/]@(O#< M/DN-Z/(SY#,7&9)P*URX$:^1""R4`9\ZU[D(!GQYU==<&/`EU%+DVQNV0V2` MC\1\_BBS2H&RS7+;GVG6IIED;;[(K$T+LS8=##S_@8%GXL9]E?F;Y4;59;/J M_2/=0;JCK+IC+2="H>IX17H7UWZ2ZK7Q))A;UY=G:0:#9+UV7H#/E9H)(F0J M;P$.RIQ5;EI'6J6>6U1E)06+H`95>=XA39.[)BXW*RI1?;X<(JQJO*O728"1 M`%-8@.VC95&K::9I$3`)F`H#,U?+0A5N4\)X4$8051KO\JL(J/S^#W#5= M]02]5.$7"O2IHYE(`>U.N(]P0?IF);G>&'I5JUOY;3UX)K%FC%,BB^:0($>J MZ.F5\-:[RN+)B'NNA/8VYY3=-,?]?F:[7,&*RER0O;L9W3-KAJ8;N0%N;2*J MPG`4^5/4CJ1%[HK)^@)4O_FNEMNB1.7GGB2-HI)FHX9`6?;!J6$ET#XY`C:9 M$&1"D`F1=UCAO2S.L/3Y)=Q16%3@,1 M"7FBU0F67[VT[T?<_F[^U6L=,+=KI6!6K6:E7K,Z)U:B9 M>J?9,H\:AG7P^<$<9>G]1*V)95.\Z3)1O4PA'Z"&XR+"LYO& M(99$C^Z3VJBRU@]6Q!&VQ]G=D&-15C;B/!*RYHP#WX+OV?+U&\\5PVD5G&;W ME%DU_?7E#.-;?'SN!*K+I*<:N_3PZ"FL784E<)`*4Z*E16[!P.C+6DE8E%Y6TUM:^>=JD?`N,-$\T;%D5LC' M09B$L_"#H#KC@I%R#NPPO,<^VB.0.1&#%S-E@SPN!'[#'OS<<@=-Z[G-73E^/B]_/-BSKK+UI=J\/Y7MO]7J!J.,"\!47 M:PZRQ0.[R,922K,WO6#L.M"7ZJ%DL0=0U>:QFCX.PN)08U>2U7&$6;'.9G)= MOCQ3'R*N#R[&`3"GO$$1!Q/MQV6Z;9^UH1'\>"XR(:Y&:D/'^[(2&((31A(F M0T>4A-,A]+-#"*9#>,?8=2(CKV53&0(R:46_F!M+E&D_0I0)0K9N`Z'@,7X+,R6&[B"* MQ=_0ANF&+DG)AS5:8<;9R/X;?@*+)R[_.NO6_XCLUW`B!U/^24NK2TDKY=IL M_.'2`2]10_%0'<\6PAVX*#`?BE/LZ[._X(J$%ERF$&[NIVT$\'Y2]3+Y%285 MT(LV+HY.BXO$X00G\R"F?X/!]C/\:]\$DR@N$[]J7I!2UJ`3((Q.Z@+5[".G+%^`-]$@?\OO`?R2Y)FU8?'6;A/:S"F4R:FD(?!9ZT+ MNQ^,HP0>H-B^NT*V!IW)<'Q2_G>^:&@E%@[(5K*$WF(C<)DI(S@VP`9JY%R$,"^9CH0+A@WK6DK\`7$). M'3A"_5R*_<5.K'&DYU813S(>F$`!X.C_4'2P6ZQNG5]?32N_ZGV,/:.0^(/Y MS.7+P,3Y4#N1,C"$\=0\D+8M=!J'X$K9CO6=FJ,;D.<@4T+PK>[8GV"2#H.) M`#&&,@OF"!O)I5-&O9H?.PF<#P`%:"E98SCG@@0%^LAOHT)N:$:] MGJ>:6["J9U;F$T8*&"AP%>0X%4:EN'G(6_`V9%J'?"XP*!D>?I[W:#,&>+S&;>JV\?Y\]!#X*_'R\(7,YP,_`98O M4Z,R!IB)YT!?SWSP*;GL)\(/+##N"Q#QR1\2_V\Z!&F5RF&D@,2.Q.'4N",% MQ:NUJ=>]?%1+U=*&1OEEGE6@-]D8OBL7/\JIVP#^E^=V@J?R,0\S M.#*N(8T0<99&W9&57=;'1.*^UF]:1A55NG27+':%8JIYM, M[A1?A/.JW?S*VMU>L]=FO[:_MECGXHIUFU_;[UMGW=.+\][9^76[Q2XNVU?- MWMG%>;<8D5E=;V#5E>-2/^-`239*LE&236DSC))LE&2C)!LEV2C)1DDV2K)1 MDHV2;)1DHR0;)=DHR49)-DJR49*-DFQE%KJ49*,D6RZC5#[)]JJ4V5S^K6V' M:-^+2Q[*35;N0@VHW MK\[/SK]TV67[BG5_;5ZU*7E60/(LCDP)F>(R"TQQI;S/@/F9Y/Z<)%LC>3*(XR1;`<]#9^'MQ>':$DB]"&1!,(H&)$!EL MG^G!600^;G)I#S,S^M_I89%''T0R<.RY"Z2Q/6&6Z'9@N8;I$V4 M:MKF`R+,?+3+J;K1\.%W.`BD2!(7[<\T!ETY&:8/(IK;O M\$6X8=_1:YXB:0JOQW"YOH"=R5$Q52=(Y8Q,+4J)YB93\W'[7R%3V=B;B"0/ MF$Q;FF,=+)=B4LZMFIJ7-"(SH3SB(?`6KO`1*2-$X'B`\7Z?/#;B("]?(7TH M8##WWA4F=AS7--*@\`XR1*<_T" M-=D@\+S@3ASGKB\R[\P=4J./?\14'R?;=0/PI'MS9W08N`STX9C]#K< M\Y)G/AWH!_)>C&TGO7^Y0W?G]J,A7,*8DC.9'*`-JN?C]&)AH>2L4]DC3&>G MIUA+SYU]QBFHLC.?#FK&+T\>S#)_^DORXKKO'6WX>^N^5Z=^EK"?)2EBK]P1 M8-/NUK9[-+:#,>4P,Z[Z>N2HK[;6>C+C_PW^.!2LC6OL7D`GXJ-G\E%UY_FH MZ_Y8BXM*(J(*/8*M4!%5>/&,K;/>;Q.?,TM?W()`@JMPP47<10(M9Y:SML!R M3]!RFTRX/'^'V5>2=_DSWY,%0_>+^5)>JQ"O$:^1H,OWN'WBS))PYHNE(-F` MKV1`8\LUZ3;`3V_.,',43(3M]\6SZQH64\6M]"RW7'><-+MGIS(1=WKQ[?*Z M)X^WD,=?G+=[[.P->Y:"4H.;OLB5XY^DJ+C9=?6Y\8#Z7RY[E7JL'JQ6S2TC3 M)8G+CF*B*[JBJUV]VF+L40%INMRQSJU@8$GJ`BZG@E'1JI:5%RD4F.SUEVQ3 M!JB,@B+_VID-S3#JA`A"!"%BE=8P*UJE1EJ#,$(8F9X"=Z15&KE5AM\52!23 MZE/;W5@9O&G-]MS-A6\6MG4N[N)4P(>D*[JB*Q5C-MM)'[P@(;H!B]0R-;V2 MVR*[E8121KT4;*I2MDX%PBECW%J&9EA'A"X5F83056)TK59F5H/@IB+7$-Q* M#+<87;K6.#()746&<'9\47;K[.MUK]TJW[+L?5PGIAZO*D>?9T<0B'^(?XA_ MB'^(?S9''\JA9:YH`31=T15=%99,RUW]J!P@6.[=YK8R>@M*J'1+IE5F#XK. MJNPW[&9T-M?5UP0N`I<"A%,!7,MU6;X+N0EN!#<%"*<"W`I8$[[SZ'I]IM$H M"$][C*?E^JJ>GX](^")\[3&^8O//(#BIE'4 M9G;%&.L%D>VQKEQ=HX`725=T15<[%+4Q%U31;J^X,7),4JY+2&44$B4QRV!4 M;Q*B6UZQ8U8*"K@2.@F=6^>LLJ)SM3(U"W*0":X$UZUS5EGAFBI3/<=C)O8= MG9FXUGMYT.'2YY="7?'!IX-.R]2-ZN_F M7[W6`7/[\(/M1&^-EF'HNE4Y,BNM>L>J'57K]4;-U#LG%=,\:3<./C^8@"PQ M>^Z("W;.[]A5,+)78SSSNN?Z_.TP5A.&J?_R(3.A?T]$Y`[N"! M(`+"L/CXR7'(!?TDD$]D@9SU/@?:V)$;^,<( MMOA3OTU\/NN]I6L,V3:749L9BR+$L.B_KC.7=HT+I,<`] M`Z1S2DT'C26'Z?J@Q^/[;*-^$(YL;T[O&?C,M.$8=`[WO.293P?Z@;P'.>^D M]R\7+W=N/QK")8PI43TP-YX]%OPXO?CP4%W,.I5-/,Q4CK4T%O6,W(7LS*># MBO7+D]IL7J4F+QKKOF=N^H,[W]&-3Z':%-WO0B/K^QO3[M;47B'I@%#G86;< M]?7(55]JC2P/"SQ3R=-RC%^EAAB56BJ&"9\Z_:P()GSYZ3*;904-Y!BM)3&]W%X7J M",$H%Y-A+N(XXCB2R223"2';1LC+93(9SZ]D0Z.(LQ?5XJHW9SZ+AL%$V'Y? M'!;*60IER#=:/*@S35`UA>"1*.04ZTT2MPP85H98NZN#B>.(XXCCB..(X_:# MXZ@8"88IQ%"N97'P@O\[<;_;'BXXVF840`'B++=\^+XO6]!&-UB=5LOL'W! M0NYP][L\_6'[)P/NRE4!#G'Y_=Z*UK!R.PE-&:Q1F);"M'E"Y"@W54\0(8B4 M&2(I(O([L)X008@H/2*JFE[-[>B)74'$KJ7W-N<.GN%N*2XB%MH19^+.'C-; M[KA1P(U2_:H`-V^'\YZ&5JWG)KAV/HY5(N%5+N6_B4YA*!%T-H?:.UWKG.YW3,[..*K:]^XGANY?+W3(W8I(U>0"%*`"RB@J@`? ME%KC$"P(%@0+@@7!@F!!L%`R!U?^,U"ZW)F$O,_Z_"8JPAG9X;R15:]J1\\_ M_7[OHP(4<*.`VZL6(>I5S:PL5GHCO"G`-H2W$N,MAE?5THZ.:@0O%;F$X%5Z M>!W5M5JU0?`JTFO;,>?LVA<%NV?E]\(JU:JFZ[E9A:I,/<4"*1:8(TC,NE9I MT-&,!!("2?J>5==)<1`F"!-93-0JFMF@75QY^"(*^?];.J1QYK[-,^Z3B=BY`MQIOM3KA34FV(;R5&&_R MO49#J^BY':%!Z")T*4`XE=!5LTAW%>KA;=^1*PA9SSN.PYOM8U+@S(M]NRK` M=RZ_BVQIE:/<4NS*`),BNA31)8@01`@BQ20]-"N_5?R$"$($(6(7$9%Q$=]' M\ESZ9<]GKC/C\ER?OQW&JM@P]5\^9`;Z]T1$[N!^GF,LS,K)AUP?F#TZ?FO4 MY_)TC?7(T4CM`OGTL1M!'YRXH3?&(6.G=AC>0R^8/0)O/Q),#(,['XNL14/. MY+"9'7+XP?$F?=Y/_W(:^"+PW#XXAWUV8GNV[W#6'7(.34Q@!*%\"L8"_(&/ M./8XT[`<1%^R&`_+?/3Y5R?7']Q/Q]M:V MQ\<=VPW_L+T)/[E/NB1[]"4,)F,88P_(>^(%SC^??_[I/Q\77OK&;3$)^0BH M?^:/)Y%HN<+Q`OQM^B:PLX^S=,4'GPXZ+5,WJK^;?_5:!\SMPP^V$[W5Z_6: MKNM&[:C3:+1KK4Z];35JIMXYJ9AZRZH=?'[`*]D)[+DC&/PYOV-7P+?.> MR6H;..6D>7;%_FA^O6ZSBP[KG)TWST_/FE_9V7FW=W7]K7W>ZSXZB2_$S*Q/ MU?6&4ETYDF>JA+4[_'J!UNR>LKJI:VRA@^M,Y:)`0"0P"066P8)@MM]G,RP( M[;6?EQ]C?3X`^@DVP*]^EU\%F8`28!RZ($RBH1VQNV#B]4$8)-5!0%1$`1/< M\Z!3\?&P+`C9V';E'Z+0]L4`9(\]C57=HUB!9X,09))W'S\",`59!,U&=YS[ M;&2'_T!#8QNUF0O*"L<+0O-)//";$\$T/G@N]N'<=U.0#JB M5,0RE1.!,C8S5.AMTC8;3`\*BL^[E?3.Q-J6?K,G97#?':!\Q<&$_-^)"[/# M^M.98L%`#L+CW[G'[MQHF(C83#^&+@_MT!E*.MT-76?X\(E1EA4&MN=IB3+` M$J#Q12VGC2+Q/ZA9,D`.ER M!H`[D%CQ3,"0)J-8V\TW$G*[#[!@P8W@H:QTD^J\A`.3YJW#QQ7?8R)HZP;4 M%N4C8F(0>&`X(!_&MLL8("%G%LGL/#1VP;8@(`H2VX\HKG6H"`S[VG:2E)$N_\6SWN=`&XF/ M8V2D^%._3?Q,L2<+-!L:5/FH%YS:38VC!0O#3+O MS'DA^@,G!.^SC?I!.+*].=?6P&>F#<>@:HC1NJ!BF-#:`A,^0\0^JXRA-"LC>04,OR96HAQ!UQ?23 M.YKV$"'_S][5_K:-(_W/=\#]#T2QBTL!M:L7V[+;[0)YO2OWL: MB0U'^XP":$"<:LOW!]54T?SP1C45'*S[B:$P/-R$^$!\(#Z>)X>CK"83P@'A M@'`P#@ZF!=^79E!?-5SINHU9),_,,A[`A.4A),?V''$*=DSCNY=L=\"2N'/J M]EW'K3]N90I\6X34=JDYXPH)(N803"-*`"S"@J@$?M%KC("P0%@@+A`7"`F&! ML-`R!]?^&BC7+,A3-B(C-LSJ<$8,SAMY_:[EJVOM:GQ4``-N&'![U29$NVNY MG=5.;X@W#=@&\=9BO!7PZGJ6[_<07CIR"<*K]?#R^U:O.T!XU>FU&>:<_2?F M-;MG[??".MVN9=O*K$)=EAYC@1@+5`@2MV]U!EB:$4&"()G?Y_5M5!R("<1$ M&1.]CN4.\!27"E]$(_]_3T4:G]R7(8V_D@!&849N:3#;_5:'0V-POLGQ/,MS ML>*.EG&F0U)QQ@7HUN.MUT>\:-QA8'5M9"0U$%Z)+`\+IA*Z> MA[JK5@]O_XY<3I(?EJ=O%CXA`1"`B3$1$R47\*9-UZ:NN+XU+[Q6%,7LW+E2QX]H_ M?BR]Z)\YS\+;QV6.\4163EX4QL#LV8=W3G\I3S?8C1R#N5T@K_X09C"'H'C0 MD?.6D%.:IH\P"T(GX.UGG/!Q\A"+)FO9F!'YVH2F#+X(HGS$1O._G"8Q3Z)P M!,[AB)S0B,8!(]=CQN`1.;Q!*J^"=P'^$)<$=)J%<(\EFK6Q:48HA]$THD"H M$9'_9D^.DXQQ,F2`_/<;ETI7"F$WSSZS.Y91%P@\33/ MWK:9D=;6OWXE(Q&BA)5NQDN0E48A,'N2BGG1K,Q20RHL!)C;)!FQ:,XP2';Y<7B^N2(:?)BQ%8?!( MBP6^`(:#3T_4GH!#\_CW[U]!3+?5HJQ<&D*-_"$W*Z9AB8*%3.J[CO\1_([2 MCV\42N`UL*!P*18B"?A//+>00S.I%`E=<\O2PE@M_:Q<8ODSL^FL%2^6X%,Z MN@]Y,8UU['84\,T@:+9]$^[!51FIGOV,K!LEC9!%-6:1ZMV_C(B1_9D*[ M\,S+F-'^5Z5&J9HKV1\OLC_GXYY]R_NZ.TNF'"R#;_PFJ M_Z_W3]NSMZ0<`1?`$'>G7KGYW9OX/@7`\_O==U3][@W MZ+GVQ?%Y]PP^OOGE.QR5>>8FG,#R_,8>R%4RH>NS!%O"L/ZZP&?G)S#+,:C]6*@))8_\5QZ7.A1[MD6$3%/RZ/?KXC5*&5$- M8:1T/RW:3(IC&PVI8]"DPC=1V$-2B&R(NA#04D79@)(N[/*(IO"$/QFR41_"*\-9Q$$Y!,<_>D*M[`<>VN@.% MF!0FRS+IIZ#?PWPB@K=I%OYO9E6HFK^KCOCO*XS&_>L=0_3DD]\F-*6:Q0=4 MJ%1R:AC2EX5B4,GII>1DP&2F-!:^$3@-@K127:A:?`(712#AU,SZ*;@@G3HI M3\$G_I6FX$X*XH#,$JI:_F$LWU$-DX"SJ.85WCV"R"IF+U1#*O+`*2MYD4D, MNFZNU^!U+C,RA%M*5\R":#2.#'"W+*ZP-X-&B8XE)* M;L-OQ:-+CYSGR.`B6,VEB,-,YR?WX4BF;.$AH`8(N[UE01;>L\KGJ3('O/>V MYZA9IEF$)%84(4';H@G;XD2$8$^+$.S%^@H0^S,/%)LL:OQRS[,&KJ^ER3([ M!VC+?P5GC43\52+O@V!6G:V:;6=?JW>O'XS;)G9:.=_?*X(&\7O;YY>FJAW"4C6$(KSD4J\8"-AFRE'B.M5$&X.&TS3)RS:%_[[F">?1*[H43Y[S`"*FT%G2HSF,8QI7+0.W+ M_*Q&5>IBJU84`";65E)WC=PK;ZMK'R<+NR_ M%PFBD053LVCQT>C32.8840E=WM?M6ZZ'G=/0SGF),%*FO%#F&&SG.!T'?"AE M-K$N_(^&3JVRI7Y=A$+G$`T=Q[.M;@^K=J.E\P)IY-IRX\60/2;QZN8U-'K0 MZ%F)&_=%$6!EK3=T@8)":;)=@.C@MC]$7!7QV.R_=.^^XI^>G MG8'O#2XN>A>G/;];G)<^\P9^WS?KO/27FW^>7Y'CZ^OSF^N-*[OSGJ%7')VN MGG*SFYQV@^Q/%'K/%YK)=J;T%"`YV M_YC_ROUCOF?F/C`%][GZ;E@SRV@^]!U5_=T(V*\4XM4Z;W4/\3KS3.5N(71; M7A`V.2PVE0^:;S8M<::SD3.WKH*/4O65[-K;KY?=`//IM.M4_?8VY>STF5%9 M!"!(N"AZNRBU$CV*<]"3D'-1@_YM58T<'.$(1TJ:!Q[4'N-J4Q8W'6\D3[=G M^7UEW8)T9@\E469,"==TX,',/LZ`+D==JL9X="EPP^RV^V''09!/\DA67_Z^ MM%]4-JHU,$1PI/^H);$GO3I1'[FNU>DKVUBX+<&>I%$[//UJXFT='-$OP-8R MFZEN'.[3=!(0''35V4Z&0O!EB,.=P:^.6%HD9D4I[#6&VCXTKA&;:*NUB=>Q MW(&Z3;6[$E(7+L4`1DN5L9D!#L^S7'>UO"6BT^@M\=\C<['[;OIM_RC=>J=/ M,ULDM*85\E4-QMJA\Q4Z&>NI>9VE5$SJG=A@3%)9/O:IR[0&X4(XLWMUX-'KJ^N]J:AN25,[VH=46ZUICQR;,0? MYG:U"+L\I70WZ^)]:%JS75'/5U=J_M!S1RV"NEEZV%!7MF,-G,:V7QF/3LSL M8F97&XF&?(69W5UHA2[&QG,[1<`.T[DXPA&F'SEE_12RJ[5;4XKKR7R]@1KL;W=(L%@EM8V MU=FU^_M'KBG@Q'0OIGNU$6C(5YCNW856Z(]L\D?^FX-*/@>HC@C M@X\9C>]"<$^P0"..<(3IWSK=;:=O>:ZZLT]RL$AY8W3Z6:49/M>5JV$Q/UG$LWU=7E^K0T8G979YC!Q1&.,(-;I]/X<8$O]8FE-$)?M'M`A&(*?[&8W#/9_'WK]1QI-=H M#T:6P2$JS^HI]*(//7W<(@%OEOUE9HC+LWQ'78G'0P.<*29GVVN']VQ!@KKT)INBK=(8;7,3S;2 M#P9P#1P$EUE^;ITDO(PSEC*>D91FC/`'.B6419#E*9,;NTC*PLDP3SD35Z#75:GD7,MVE9T.TX5/T.M"K^N5 MY%!J]IF""_2^UM/V'TDR>@BC2(.D&8YPU*X1!B9>U.IL@.?YM?2K#\G&,S,@ M@=!J*"#1@F-VOZ=L2L,18=^F+.:,$QJ/2)+!#?,\[OX5)XYPU*Y1'::>\>4) MNE:_N>:VNLA?C.+I?=RMU8:>;W4ZC1TY-051IL7_EF?047RNYB;):$2^2(/Q M^*4;_U[`;ZX29*Y=IMF/B5NUY.QJC?E#4[1^EKTWT;P&TC81?W*L7EU'@E]` M8-T9$^-7[;%N=L#UBX2K[D`O<.U97;NF+DN(Z[6FU$^9/!Y:=7W%^.>??ER[]'-)A&(59R*JN!UK& M@F!7[/;3FXLSUW:Z_W;_N#E[0\(1?$&#[)WON/;9Z7'/[5W8@Y.SCC_HG0YZ MKGUQ?'YQ=C[HO_GENP4H$_,FG#!.?F,/Y"J9T/72H71[%,;LW>+4L_WCQ]*" M_IGS++Q]K%?1?;GYY_D5^7QY?'+Y^?+F\OQZX^KN///N;A/O/K-S]5EIN1]2 MR_N."<\G$YH^BKI;P)SD-)D`D!^+F?==Q__(R?F'$$SQ,)BMJK3( M2VAX[>_(IY+;)`+EQS_L3/(M$+&D>VQ0+'*9PAC4;?&Y_-`X22=L8!-ABPM<::SD3.WKN&`4O65[-K;[P;_!ICOZ#(&`SO) M.8U'?,^5@UNPZ>.:!3G\[7%QC%*#E#F.<-2NT1X-*YVWW=6=JFI>_C91%\2S M;%]=MDEC]L"$D=8)(R,W/#NNU;<]1%<3#E<+S-_YGN=4G*E^VN\\8KV7B8R]V2S:[D^8E%_-QHS!9BSPIR51D3$G-5>C"".@`8#9K9W)XEK?]P=A#043;S?`F]K)G+*:B0]ADF@)<9;>P M^CN#&9R-\K`+^@&X(7IK,C-30Z["JIJF0\OTS$Y1I:SL)^W_D`^.<-2N41V6 MG?'=)CP'*^-C9*+UJ4EMS#J$TZ&'-99GH+K1Q!,.N>U%T>3@9G)WYMG%= M'J[.CS^3\^N;XYMS\OO5E]_/K[#5@T((G5.>_0,P/B5CR@D@B*1LFJ1%\P'. M[F1"KGB-ONLX'TD8CV`::0B6[#1-ID*P,/Z^*KQS,V:+PEL!4!4NH@3>.(D2H>'# M>W&.0K;@(<`#(L=,PU1R],.8Q0RT(H'_Q8+A4K'H\1VL&/!6$*9!/@'N`EX5 M7XQ`=V9,+FU`T_11K#.=@&(L3FW$Q8\`]SZ2.,G$@J?`2_!XL;J5V+B:_UVH M#=EF93;/@E_&+!I)KLNY8!D.C$>%IAB1X2.A`")X$V#.XK#G<]."1][F&=Q- M0).#TA$7P)/$F9.`\C$11A\G1V$<1+FP?`B#19I(9IW=)WMLCT(QYG`?$(6+ MYC#P8)X/!9DR$`<`2S&OB,TH)7_\K;PW$,\JWNP.Z%Z`']YD<5DEC2Z??S7V M#0R2$2P14&YEUD\O9XD[2JLO\'W'!%W%.MW%P%`CR2%R0L7/P/0>QF$P7C>' MQ=P7DQ#?W,)/D'L:Y6SIFLKW.Y:2:P56+\3`S#*;F6P2:R-XJ50>'/H@X%O` M9+7Y0F63A5T0*#FUJ?>H+M=?699_EW>QROV.R`B8&21[+-AW3#-`]RH;":VY MMDE2"N:>X$PA/DI:X8$!?RZ`A')_E_F>L2F@-WPZ\YZ'D1!?O%09L[2KB`NX M"P&5"Q&1\[FN!EN&BCF_$_,'.9N-$[A;JH:%0`$I?)M'1"@4B=E"B`F)UQ37 M=U:/I.Z$U$=8W$(9+I.KJ?=8]5UW>@W0)4W-6)6,?*)\F2DK%`OK*$>@+;<4+!HA1[Z`(F5U)NJTL+E:B M;&SE'*X!MN$MV#UR/UZJQ'>G=(^'?A-S2M,X,LQF'CQB#4GJVJTF"S`%!=V,6B4Z-%2R#S`UO:@HR5;`TOW?/5L MS>F$"0<\3$;2>1.FX.X65)\<;XXWU<$Y[>)BPEK M<\3`)DZF,L(&KJ4!UKY)\=$B=$DY-E1?S!P;JG_"ANI;KH]FV]#U;?V+#=7E MU=A07!SA:-\FS)Z:]J*KC]GN7;V,,8`QAME10U M')'L>Y:CKJ:#*9C`QFJ5HY.E7=##JHVW&E@`.%)G(V&-4-'\QG-$TSIE*0'C M3XIC,*8-42QMC!#']K&#+DIBF!7'US30+WB"$>U&USMMZL\ MKV/U,1Z#\1B,QRSN\]R>U1]@/`;C,?/=08OMW1JH,1SAJ';#9G^=U/=N$3F# MON5T:JI8^`)*ZB+],`ZEJ8VU/XSN-4[E#ZR!C_#4(HIEQG91C!$\LV?#GW(/6M(U. MMU&WZEW3L-N=NFDTNND]:';=;C1J);X'C?>S2#R?3MDM.POD_'THBCL+G\5J M\9]O8:@L%XPL5HSG)2_6C-B+BP7.?3=_$Z(((HH@H@@BBB"B""**X/6Y\(@B MB"B"9=2JB"*(9_5;_>Y36,`7DC@_P,>=I=L&"0Y=L86M5X7KD`Q%:^D8`Y`Q4'1-3EPU(VR&4E/%)?E67;@J'V#SGCV0Q-$J ML$;"@,R#9W#XZ(@POR_R7-:,D]#]0P)+BJTJMC`RM;?0J2GN,@%9%`Y&IC`R ME9D\:PZGI!=>I* M/:]2]2O$`L5@5R'%[=<"D:.I2D-M7)R&59'.DA8!;8_`A*?E(ZO#,'%\DJT0 MO/R8%67*7*\R?HY14[1Z3J!@U87YD$^+E=F_J!AXCM%23*.%(E4X#B' M@766^,<\P,0@8B(Z`:OL/=-^X(93>A/&IV/KU&W3UO5FQ]1L36_4VU:OUTFQ M=7JZVE6-LF/K#"<4J#"=`1LPYR8$2_8Q`[Z,R",%+?Z1D`&EY#9,*-$,,@XCZ#1FN#D,?)M$],F)F/[[Z=7> M,CLO@K>2^+LSBS_N$OY8W)_7ZL%+C@0$Q'[R@G20SCP)EQ^DMI=_DH(%M9H? MZX;>U/2:.,P@S3@3-*C6*AB+IUD2S*"BZ5)U>A8SSI+$":3SL(\&"\D#VT8N M,)'A)`)S^16^G,3$!F,S.N2.,B0F8J@*[O3$\V'MZOEPX/W8XL*CG:]BAWFJ M$*"&/E,R#H+D36&D/BT(?6SQ%NYFOQY'N"2'[H]3RH>+=SPU2\NV!P_RD6WW M*]93,/)0?R(CHOY$_8ELFTU_HE-Z)G=J;[%G^?=C18",+F59GERS0M,LK$[G MV]=O-];0[I*[X1?[@73NOMX_V%_LVT'_=YOT;^%_F[R_N1L,?GG]$H*LX:TB MTT6E$V=,@,P];'6]_%42&YMG7D/;\9W`I<1)R"-]\H*`';N&8S*#'N'HDBZU M!!3:;Q*$9=Z5).MG/Q7>FTI3''#%KH"4F4.$78*+=DP:O2(^D:XF3GPDD`1, M/$5Y$&UB=,6H"2M801.#(G5%(L7[:4I=%Y:J+8$LB$[%%H@A4(WMX+%UTVFN M+TOU'3M>1)X=?T[9MG%/BFZ6F`666+^&%ZB+PPN\]B+.$HE]N4 MAIG3K>(9:%@V5U>L9XNRB[)[CJ6M-1$L`>TLRJI$JZ M>4I*@Y'X\]$\``.$)2"6\W!5`*Q)'A0L(FP.FY!&3IN0PW0\20>6DS=9A+`$$S!TEKJPW-ZNI5`$E+$:XXZ-<25"SFJ%YT/*8NAPW; MQO@:K MQ`07DLB).J)N&'$PLT\L5I[2(^$H+FQ8L??CZ)>_BM4V#3D8!]T/QI'S?!C, MQMH&&:I"]E;A9IH8HQ*KEOQ$$.#M'("W>E-=FX[+0[N9-;!D&<'/LG8TFYE[ M9NU8NXJQ9GYEA<=:DK,2Z;8E"/:&8&]2\2&"O>V`O5445JV@=.H,/'@05BU' M'MRE93GP5?9'#N6#!:J&=CPW/_^:.'/)B(BJ$'\UW[H?^[->S_;@](_Y9TK,$7TKNY^R?Y8G<_ M]V\_DP?[!KZ^NQU\Z=\/X: M.`[W&K_VEZ@>#PS58\!0/3)!W;[ES5TC>\G'2=+1YVB]A?R#_(/\@_R#_".Y M>R21E[[U1J/^4\;G!]V$3W*B\*IE3=EUWBE^6GJ?L\_N:WTV2_FKPF#C=SN^%B<.6QA"UN5:%W0'Y$97FG_R8HX&(RW M+*WD<#_[R:,KJEK/G402<,>J'X)O2;@WJBRXEJ%KA=&HVN!9*'LH>^=8NO>: M8M;%X3U731CW$PVE$Z4S%\MH*"V!X.M5$\;39*\DYZIRQ0=97)"%!7TGCKVQ M1T=D'(73O$*#&[@:9%^8D(4'A00'UU/U@B3,:SJK8VS[QPQF0`4/'5O8PE9) M6I*<_LEUMPQ#P=*$Q=7*ZL;DO*?`K4/.8G31'4*M*2QR5E;Y07%!<`D]ZX*EA[#'(QI[C M1;^S"SI/`2>W1XJB1XGD7/ITM=.GVDT<:< M-#ZG79B!+'/Z2,B`4G(;)I1H38XJRU0A&P3G""[1FRO^&E?MN3<7GH_8I^=@ MGVHJ$$(8]*E^+O2I^J=L")1:,VO'@OL5/4X="2KB?24YAY-N"W%1J,C3JT:* M!?-9NZFOW_]^L0%:W,5:0EKN]W1P>XVR<;VRL72?R4&O66A%6/&,4#:A*AG] MBN79K1TTN0G3S3:J=/$J70Y48KE4.@NQ$1YC0XY#?8?ZK@+DXQH#._@YTQ.3%PGGA#&XF1"1T_T)"`OR0@H MG;`B?039U&)TF73T0?Y!^B!]4/\@D)=D[M2Q927]G30.<+EBFKP>Z"]G07*> M]$Z+#:VJDDXNP;\VQ"7>#P&6-OMI2JTI[/Q;^K5G_1!/24)-(Q'AT+I="<^A M=:N\=6MJ^6.VR++RY]HVC)V?L]GS/>?1\[W$>R.U2^JP3?ZF[Z8*9)+.S%42 MJ(+W,Q2S(:PH6!91R'L7@A(A&WU0L9:3C:JL6`UQ]]++(@H"7>"RG-*[=38?$GGQ'Z_G M/AW)N*_JK])55^=0.ET[LW+:R%KHF[6?["^L2(%5L2G+VW>8KDTG^LD%G>U< M.?_=A@MDD`68LX,%R,B*,K%BL?6^R*-(GV/#+L5D:RZT`G>U=U3"U9;%2)17 M<#RF5186W;WC7IBYD8>$TLEX60B7+^_]=U-50,M4D&[(<%5@N))X>&4U$"B6 MLM$G9^EKU$2J>V0?V>@C%?N@VX]N?ZGD52+"227():(;,IR4#)>2KJEK^M&T M0]1DN_QSX MMY+;;2<*@)CQ/8T&$R>B;2?V7"L8=3U_GM#1D`WJE%SW;K.KFT;7UINVW;4Z M/4OO=-)<=]WL-MMVV7/='RC0P/5\;W'G5'K#5`#$CIPDC&*>.@X"&4Z](/W` M2Z^E>F2$3;]-24OL^P$0=#J;)_Q9\$M^)5F:FOT&8.1K%#B":EMB=TU)TIIQ M9I9TO>C;B1IXBQ*.$V^EDLS;60VW?ME:Q0+26(>3B%+R%;Z4T8O`GR&O):R17=\25NR)G5X,R3 MM2#Z@.?>TW9AD+`"^.GJRT]%LMQ^V]&V!OT./XCKW'V]_S:TAOV[6]*[>R"W M]I#T;^%3FUC#X4._#5^V;VPRO".V-1A^?KC[=D_N'^[N[8=AWQXH[,.0XZ[)HZ3CG#2$`LY[AHX M[JP-BOC;*@JY?>!VF<5%5A4\VJ\DH`GQ`C><4N(D2>0]SM-\IR1DV5O3,(!7 MA^X?$W`J:10?>ZL!MK"%K4JT+AA[E$";[M]8"[L9*3\B"(5YWT\%S51JAB&* M%!(L]JH?WJAQ.6>_0$4A_BJ$EJ)I390(E`B4B$-60S<5LXY6`V4$96393VLH M9DM8&6=51"*?HSZYMQL'@S?==T\DV$-B M"UO8DC%F#N.60$UYYZ3K_I%$K\U%C>K*XSA%__7H5/`#$`#P&X)%_Y*`/\@_R M#_(/'@#F?P"XK_5/+*##%K:PE?',#POHL(`.(X%R.,/5C`1B`1U*%TH7%M"A MN*&XE5GXMO M`5YM2]@-EF_12AK3DK-CB_[KA67JHME9JKB`#,H3RM,5R]-^>]44MT=$^4+Y MNF+Y2MT_#<5)!O3ITF,:G12U6;<((<,P<7PRX-DU$NPBL84M;%4H:J/OF*)J M9]QH`@\ILQ)2&H.$AYAE<*J+%-$+9^SH9DX!5Y1.E,Z+[]_9[V7_\RCS\\.<[LT\"=T-'< MIW=CVXD"X)OXGD8\L--V8L^U@E'7\^<)'0W9\X=`C+8?NG_\[;_^\S_^NON, MKTXRA\EZ-+X;WX3!TY!&TRY]3+8[`\4#1M8'.O[M7:^KJUKM'_J_AMUWQ!O! M!XZ;?.C8]6[=;)HMW6YT;+NGVG:]5=?5GF77M)K:??>WGY9ID^1#;TIC&(+,:2__R3E\"TW'08`^K.(SHB;(W. M?05_('&"45Z#_1;$PH?[/@B3_,F\'GG;"?X@'6AY"0%&]WPN+$+F\HM"'."B M\=F3X$_[^SR@:ZMGJ`IA8BJ(1R+*ACH.?3#7\:[2Z2.-"/B' MHIQ#W(`<#P9T`59\G?U0P>2_Q+!H\;3Y)_ZO=`IPXS MGA%S0O9Z"QADD!]01OI-,Z)2;T543,70L`8K5_U=+34-FKF.3I9X)RL/Q*I+ M)2JD>8:ZTE2%07#+POX7T2`2>3`YJY;\L2U0YUP93A'O5VLJ.B(YH)]SDC(2 M9KQ0YU38S]%,#?90PGQB6?@?'9U<=4O^M@B5SC4Z.IJA*K4ZWGR$GLX)VDA7 M>>+%(WT)@Q$Z/>CTO!TW;AJ*V1"6*"N+*`C4)N=GU!V7#7<@E>Z6?K=<%Q1W M`FQS'X4!-%W*4\6L8-29.,$3C?O!YF]X2IE/XU,2[:Q>J]FK&Z:EFDVS;G3: M1KW&$^W:IE9K=!M%)MKE?Z/I@]VQ;X?$ZG3NOMT.^[>?R?W#W2VT._97^&+P M*IMD3D"J99M'[>`TBLV8RB*'MA,GG\'MF)&)$Q/Z[/ASAP/S^SZQ!M]B$E%V MQN^_0`-D-8:O'E](,J&D9PW:T("^3Q/^P0@Z\L;8"QS@<,>'PQD[BS8_J"W^_>+_V@?5(,YL!@-(0O[T3C@% ME?7R45:*9M)L%QQO/R!?G1=.>V6]L(N5VE@5):^DRP?Z3(,YL$T43F%U@R0" M?0<,XR43TH$)AU,:Q>>_G;_K^\1S)\#*_YY[[+X))R#`G%["F0LX/7P*X/>< M"LZ4J6N6(1$MQ@<_2;M[":$_9I0-$CY[I.DS?"#7.(QX9YA"$(_3!(L93,MC M4$/Q(RA)Z,X-\]$+Z(SGS'I60:QNQU7LQ,QVHL MB[$F7AB0I[DW`GD#Z0K(MX^#C^2S9=W#4&G`1OH(OV3*'[82,&+OF2Y>%(`Q MX'=M.-$(5GO]_6H2"T%C^7-A>/6'6?,4EFU(`/YS%ELZ:P M>C1]3D23*(QGBZ?#P]WY=.X[_+_TK2F]TME,:3()1XLW+(?@K503(P)[Z++C MSZJ#TV[BL!>QZF0YR"\4 MF`Y4(4?#='9'#C^*^(^!]ELZ;C5FH$ZR2;W%0,'O"-GLUF,$%@@C-F/4=>)T MG36+/)];EH/:CMF63+\"]-[LW3L\)T7\,D\.CY_ M4#RA("8@!`Y(5,28?@3>LLOGR-4\^['K1!$GPUK5KL>T>@^(80\D:C9_!!*2 MQWD,+!/'J$/#1C$%HUYFN MC$]2;F%ZPF/ICMZ4:3R/:7-FI/CS`S4.$1W4M9IF`=9HD"$"9O-&?E*7Q$&TNR>"LLDS-BLI2N:$3' M?JHXZ:++!_9:;PS$3W&0QYK?>4U5KP>H$%?_&7@>5A M4^:6G-M4>"IL25GZ_8:BY8OA$)?OE!@G@55V5KLEF-%BN\1(NO)6P3@&W(`Z MHW"6;'F+:R[8-EOU7QE'QG-WHFS9M]6C%K3;*Q2G\3*G(5/J6[S,212,TE>% ML&Z4N]D!L%H.Z,!2B@SZDE9Y;:;#1[+=NR;$LSF[668:IIR5G; MTJU6N^PE9QM>1[I_;.I:XU>FET',*:<>XY\%^1:;J6?JAS.V1@0TZ+GF8A&` M7B25\^F.P`Y$W$A]8F:^@-HC`?5IQ\YCJ>PWYI)*T2Z<1*:Y\+WO9B%55O?H M"&Z]VEJIQIFU4@VCFC5/`OKI\A9G5>N`Z-JKAYK9"-C""O<.;10%>H5<]DU_IE3Y0+8#ZLL!1?8;EOJ_:ZWY_5 MJ!=(T3+(K33$JJY]1H[#N^+2U@U8#`E@CK&%K:S`U_GZ=I>1W/T[7V'U^"4I MN]]/!;U95QI8+8L!C-)J"O$YQGK34#0LK"IFARNWZ3C"Z6O//9^-/#UZ?%S\ M1[PI.]1.SXDE\`"P):XY.B#8DKJ5@\-5?K_*,$Q$+\-X M#,9C-FN^];K2;&$\!N,QR^R@57JW!&8,6]C*W;%Y*PFPRI&F5E/1S)PNWSJ! MDK)H/XQ#2>IC74Y&+QJG:K245@/%4XHH5C7213%&\$;.AJ(9FJ*IPFYWEF;A M,4J`48*LY-`5M6$J+1/C!!@G."I9E^%F..X"?8<#>LPBZGJ\&EJ"722VL(5Q MA?R\J/=UO:$8AC!S<38IUQY&.73L?K(>73"'<0B,0PBDX_NZJBHU'<7Y+"KF M6^Z*88I3>$X74NHO`;7V&PIQ]V$>237)M=B!TP^EIAI*0^#%"F]02P)^P5@0 MZJ*\DVO-AJF8NHI2=<%[!MZ&/SR`FSB8.!%M,_1U!@Q(@YC';"R&L@*J]SV0`?CO_3-E,*J_<`!/ MATF%!TR]A"I/H:[3R%IJU=@#H*?S1--GIPCY8\>+"`.SINF+&<"I2^./^R(@ M=PNHZ'2`'!TW'<,2<'?L17%Q>(^Q]^/<5_'GD"E\..$@J44-71@PY39V+%OY M"?6+@ZHT=,54=Z\TR[0*2[8*_[^]JVU.VPC"?^4FDTZ;&8*1>'6F7[#!GF:2 MIJWC]/,A#J-&2%0G&?/ON[MW,B+@QL8'.>'[XC&VD/;NGF=W;R7MP]"?R(EJ M3ISQ.Y:,@)MT::E[S6)_XW7,3Q-6M$'/IL"S9$XM<;G4[>#Q'[!9U$W@2ZU_ ML4%PIMKN;@5]7Q9,1:PCBY$W:MY+Y(%CMO!BG*>A;EOLN'%H;K`%K/ZAK'[= MJ74ZK1H<9,3VW7OL/R(`KN6.+ZDIJ]=Z9E?6UNG1=U?=]7N-JAA:F1FU>R4J M4H&T;M?_@CHY?IZF0K"/*H,8HBJ`JQXY'#T=1U?AW4XHJHB+.FC9O[]`D:>B M5K-3#]#O`6X?'9/M`N0CE2:<<]N[-?F`@O/7[#P[-#X4GW^8=%HNV^VW3X7 M.USLJ&KL<-HJ#V/W.M:W>GE6$DE%H7420S5%>*.SJ1E!M_),/2JUAQ<*F]U: MJ[?_!J?[F`WK'ARK$%NMBS3&(W&UH6CNP?%GO.-:#1?6]NH]8F;1Z=1\WUS/'$=,1TS+,PM;T&9%\F"-(VJ=UGNNP?Q>RQ#'56VX5"^% M_$@78PUY_&:M[1LK#]BRPOL.QR[J'F>K.OI>IU'O;;Z-XQCA&/%2@X37:-0Z MON\XX3CAHD01);QZH^L886!S<0Q=&B^*U\LM+RU:$U+4//5\S]__1-D"$EUFO66L MV[,MT/\AFYUCN.=4?FE.Q./2ZW('[Z-^G-4]O^/5&M[!VJL??5G"5?XL>KC( M>K2YA]S70K]?[QA[*-'ZM7>>QE)/<]!$H"KOP=F1);CWY!RQ70KA4@B70I@N M*SQ?).HI6D_KH^ M-+>&7&:70/+YSY(%>9H"`I\M!:,MVY( M"VC$92C9/`G!%=6*,2S91`@CXD8JG_;W82T!9,:S/$6#47S*G,7O>9SS=+E* MRMK47GKS[9!=3EYG['-)G&S*)8O%39*%)$J7B71&:E]\AB5@E,C:!!@.7=S- M19#1H4&$PE^)$INC[V$-^2858H8AAHV49I@N*;_/HZ6V87%<[B-*% MX6)F.-EL-&QU%TVS[J+&8/GR0-"4%D[!U#QZAG2U-IFE=-S*[L"4S5OD30VX M+D6)K.#,-X[!E.V3)$_-6+^$C$&R29K,B+ZPQ?B&DV6*K`A*62)'"/&X$/-# M[3]N9GR0P!@YSUL)K-3JZ"N`?I^K"&&')$&(6RE]!1F*4PY M#]1WI0YT&!J+2+<9STC\H<9D/OH'CL4CQ[E@8[C$C8C!]R+&`L!>).BL\*U) M&/.(C9,@QP6BW=ONXH)[SMHKN\N@Y(9',F'4VY<4<3&U*5,#T#%/PS@(87&4 M1J\12&:+Q`RT@;4Y`!)`%)#SPC1(*:8NIF$P71.:1;54"C:AE(`_,SZM:WC[ M@I*L(@[!AZPV,K`"M]@$&080J&6)$XR;:HBH?[S)0EBX3T&6C$2J>6LHHS$8 M@/0@8/;4GHQO:CZ'!$R9L13';VH#T:R?]GXRLUQ$"2EFX5L>PZXD6ED\YTO* MV?7TEP8+OV+`0*]'XU:?10RIZ$TH%1-7JK]7"`*5W_?!><(<>*?-9@U%@G4R M4M.;K65QYF0RH9,`B&02W0M=7\*A!9I2536TL5JRLAX3"4W2`!_W&=( MV5)@?*@ZN%9#O);BTV0(?GM&\_S]PN%PT&H/AH/F^>"T=>$/SOM>RZ?"8?^L MT^_ZYU67DD=4S%,!J1@O+P8$%5@0B6A4FUM8:9@L2)]FE&8ALR[[_3\*D$F` M>`Q.@=8>%GS&OP)`[^>9$E5`D,*K5K3FP(0@T[B=)RGYEEF2X^7`##A>Z!U5 M%/)1>0.?"ECBO+2;!V\LR]+8ZGSX23T%IF`,.`REPCF:E>(0$0%P')K]T`65 MB6/MY)3R]N8,;9?Z#C+T.S`_>90AW#`['8?H`@K2HC7W$_54T*_#F9`.`/KZ M;I(D&3+T`WQ@=_2G-$%83+-L_N[D9+%8U.]&:51/TIL3O]%HGN"_3_#`5_KX M;#F'XXO$^16=^V3CY/#G7T_P3.$[_`D?_P-02P,$%`````@`RGKT1F_,S5D` M'```P1T!`!0`'`!E9W`M,C`Q-3`V,S!?8V%L+GAM;%54"0`#:TJM56M*K55U M>`L``00E#@``!#D!``#L75ESVTB2?M^(_0]:SW.UZCXZVCOAJ4$$V!&H"4[?GUFT52MF11!`0"H*R8EY9:KB/KRZS*H[(2O_WUR_GLZ#+6 M33FOGCXAO^`G1['R\U!6IT^??/J`GGUX<7+RY*__^]__]=O_(/3/Y^_?'+V< M^^5YK!9'+^IH%S$EL M$X^^-.6OC3^+Y_;-W-O%:N:SQ>+BU^/CSY\___+%U;-?YO7I,<68'7_K=6>+ M_'_HJAG*?T*$(D9^^=*$)T>POJKI,/ZFY:]?\A]NM/_,5JV),>9X]:_?FC;E MMH8P+#G^YQ]O/JR6B,JJ6=C*QR>`P='1;_5\%M_'=)1_?GI_E;']/1) M/+T`!(C`DN&\_K]T[K_X>A&?/FG*\XL98'$\#K$OX\*6L[UI_F&824C_F/^\ M-^4W1QF"\.>V*9NWZ5T=&]B3J]W40N2.'H,0M&S**C;-B_FY*ZO5\,T*B'\M MRSJ&$YBR.BT[@'G_@:8EOYLP]QYOB,7`I!=U/`/1*R_C"9SKY[&%W!T]1B*H M&XSM'4OGM;&_:MXXV]$(^P'D9L_$#!^@+VYR]GLT_]\*_VT#3DM^7'SU& M'75A9W"BQN:D>@5'[.+KWMQI&>X02QF$4_<9>\Q%KL]+T(E;3M%]F7>OL8=8 MY,OH%BVT7F\RU)3=E.B6ED,1T$E-WFXXS/0U>)N+%5^;1;WR3;.)]7L,I^#& M/O/P3^6B[$#=/<>9E/BN'.XWW*1+Z2@KO48;9B&7<3:_R#.V$GFKY<`$=&7[ M71T&(6<3\`'T7U4+T!4G59K7YUU\S2Y=AR#QE:TKD(KF7:P_G($":R'KKN9C MD-*-@RV]QB"LTS;8PQ!]%LP0.MG31-;!6!+RX$)Z,;8NSL,3$XGAMW9?C!BWI36 ME;,N=M5=S<<@Y1Z\NKO7&(1UY]J=G88@ZUU=PN:%`;(#^,UG:M?CK?U&):X; M5[MV'X+4]]'.7C79T?P]SL+K>?W!SN++LO%SL'*J90QO+V*]#O:V4-UCI(D7 MT`W]_@,.NYQW]1PFZG`L[>HR%DGWA?+.GF,1V.F8:N\X#'D^.P[K&S4P06&N M"G[UL8M9V*WS(&26S9_9+_T$@]?`HZJ+Z.WJ,P11'\K3JDREMS8N70F: M^*\E[+]7EQUV\%W-QR"E(S-W]QJ"L$\->%APM);G<+BVT;.]\58RO)WYY6S% MV#?0:-,T3SE8_LEZWOAE$:N00^KCS[P5_V\$K*8'`F9S?P/&S:2K)*!D&[=* MV5DVZ-3:BV/`EQ_'V:*Y^DM&G"-,-NE$?]G\N;B3N&O6^XME7:]#7W^?5W[] M/U?$SJR+LZ=/@+ABWR$+1K2P3CA$K+>($AH0]X8@A:.0%*>(D[L)TBRG7U/YK7(=9/GY`G1Y]C>7JV6/VZ'L'6_I:$W\PZV[0X M;I;GZV`H*A?Q_*I_SJ([A'#,#P4VP#&Z,)Y4BUC'9K&!\)Z"UZ%WX9V0FGJ# MDC$241TH%IYP/['BCU>L1D)V"IGZ`:^5/M_/2+USB$*` MEO><>SBHDT4^6(Z(Q`IE9*A@3B=%^LF6>+RR-2*ZU^3KM^,?G++1/;5MP80! M/<76A/8AY^J9E'X0$G9[R/M3TIHL/NYR))\WPSMB:(=U\X\$+15P/!L M/H/3N%GGCNY0&&U="QM-"B(JI!4G*"07$.4D(L(ECEYZI65L4Q2CK[K;`D'M M9]7.)((3F"(AO$`!K$HDO+.@!#!E+O13>M-$&89EUGQ(H*:PCSY$T*\Q7,_/ MW<+P:ZT*+#Q/!&,4.0Y(AI@0C126Q1*EA$?LK?A)&'X_GLR'Q&0*WOY]OHA7 M!LK'^7.[>L5Y%XMO-RZ2M\KKY)#4)B$9B42!)H6HD]08(P0F^B''=H;B]"#0 M',#9^>DC](>,WPPE/!,".(6(W978MD5T?FQ:*,:]4YK#V>@Y8E8+I#0H5F>D M%R1PH4E/4V&:V,M0(C$`,%.P^A.XL5V,@QOM"L:C,H0ZQ#RGR$:>D',Z(F,- MHPX.1O#B'W(09"@F[XO*),;?+6L7/+[9,JR27NH5_(M%7;KE8JWZ\NDTKQ:` M)Y!R>G6+L$CL@`G,IY(+IF.2=B?Q!`9WL$).%!YTKLRZ1;]XA[ MX[.;X[<2N^`/Q:LO/C;-ZLE5H4@"02)R+8P7F/*>.WH:_W/@'3T*8A/%-);GF0E@29?-6M?EVY^3 M:BWI;]/?X^+F/-+",M^FC_=)-CKJ,5/`@,<#AD*76@`<9+%+1`AN\ M541;H;GNJ9BF\8;'$Z61X)M"G/XHJWF],L5;'>`?FQ9!!6<%XX">C$@G+)%3 M3"/)O&,T.J5)S_#(H2R5R1V2`3"=Y-"Y\3Y[VUFR:E`X093EB8!19A1RV,`Z M)-;9TDY28D9U;,T:&F<%W]^\G527`'1^1[9Y_?85MNB.I;7T+#S5L(.M1\EA MCB1A"?FH%0@"(QCD(GG+'K*[U8=U\[$AFD*H=U'];/%BOO,P;.]<4,J=YB(B M)KQ&25.%"#,,6:]D8"ZYX'JF9TXC&(-R]1X2TQN^'F[ZKD?$/WCJVYH6RE$M M$O/(1-#G+H:`J.%7_FBT&%/ZL_*X#Q_F@^,U2;+V]_)+)Q50FSV!7;10EH9C>]Y+331J[4A[<_]@)F" MZ6M'\X^X.)N'[P*\2]W`N$HI/\!UB#,<+!,\B=CSZ)_H M3=?^3.V)PV098ZW!D&NM"D;!B@%]AE*R#$5,,AK)(D(,HUQ0K''/O-.)WE'M MS\_]X!CSX=->1>E'>C9RG\+R$ST?R63D$MSP(Q^XEZ!<*HC5(]`PCLT0K'?OA-K4Q.FF:9C=NWZDYWN`77;MCEY% MHDEA!TL,/E=6<>#V1&Q7!:67E;!T"C_OJMRDXG M6;G5JY"@6Y4E"5EG`K(X*@2;@R'#`L-..(MU:U6![;(B'ZFL#('AX?12MU3I MUKZ%"]$SI3'28)TA+QE'28N`O&/2.2N9"SW#I^KQ:Z7]@.R1?7&=C"NY?1_+ M[]=Z,[OM:K5KUR(FGY^C4F3S::F$2R@$S3?9!H&`YNWI#.O'(`TCXCCU27)U M#KZ>UZMP\_VBFHG\QCD:CI8 M)ZD\LAVL]77CGO'>+8,4X`P0%D1"*F*/B.48"IDI&&6.2D+IG M>@`YJ`F]-W_O,*&'1'):Z=E4#LSF6ZSSI]V^KZ"3!.WH7T0JA1+Y8J,",A?7" ME+D>,^$):<(P"D8G,"N<%JZG^7W8P/)8LC,8C%-;W_E386_3K2R\[UY$1]N[ M=9S"^*"%X0&CY M"&N:-*N1Y6(\&'M(PHLS6YW&IJSJ;Q.G#/:W!P)EE6J[KOV_A#9S^#66YVY9 M-W=JI$'&+8C$46.6XZ2"(#K MVG,5K+I?K.>>(Q4.#E5%C$=,L8"4D`9QJQ@BRF$<5!2\[S-Z_5C-Y)%P/6`X MQ[U@8Z:*KHW@R[ M[4OU1VR:U\O?7SK"[[.XXD85GIWG(B;_;GN@VJ5[H622A+B$I`=U335L+!D4 M'*V8ZL"U3I[UK(`]S:7$1+(R$I932-&JRMZ='V+>5J%T:X?"6F6Q\P)IZ0$T M9O-N41(9([&S06.L>IXJT^B;B21E,/1Z.$=_LV65S[.WU3HV=/5Z.M_U+[*2 M71GKSW(B0.?J&'N-66@6@C)<(0'6/PIB==\L_,8E\%P;VC-\,U&9NI&EYA`( M3W'H_&C`74>L[0:TM6^1)&6)DUPL-/#\[3Z,H@P::<:4XL%XK/?_AMU/+%5C M(GD8Z>GR@8I[B527`0N;=/"):G`SG$,^*H)(#.#4$JD-!Z/1FYYWI`<-&XXO M9B.A.]E+\"T(73W9_?:,=X>X=1ZC8#1%:O.N,\(@V'$!T9#KYG@2.`^YW$'/ M4F('#3L.+6%C`CK5._3=[[\/_![]*K2[KKO1]BI]>D(."\^ZZ&L.5MTN!7O@ M%_RW">I0('A'KX(I$7$@"G%--.*4&629PLC:``X,>+8ZM@8$1@NP?J^^^^S2 MEK-U]=9KV>V;FJ_YN[-^Q_KO.5)!96`TYBKC-C'`!(!)1"D@T!O'0BYG\J`# M:H/Q^W9D=60<_Q->'45GC\>UGRW&>A.,_3XD=>^Q"@[`&K/Z!B>X[`"R0#87 MLB-.4ATQ;$;=LP3(=$F8D\G2%/!.YF'TK^[?J2:]W-F5O5*WH#,TTYDZN@]8;0KD7YOSR$P?0VO][M&VYD6(<+Q;')#7N8RX8[`O-.9($>XM M%S(ZTS-E?MX23F0&#WVF#X#05#R__@)A(_,MK-_2HTC*:DY#`&O+ MV5S70J*HM$=""(PCEL;9!ZW4]V/8%NX/`])_LI0>AC(85#Q^XERDO\4*#LI9 M)C:QDWN.P0DY:>A?(R$`IG;(S<()TB'+F62403Y]X['6SL60AQ MHFS8(25D>+"F$([GRZ:L8M.`>^[*:@5:CN2C[M&R:)X>#BLRHN(UYQ7J]X.'@%X)Y\)=Q M8FT!O`'/;I[HCV'3V*Z.C_=W=EO7'D1O@7%<+[`/)BQ^N-@0ULV-GG!H_B M8K#:&6=&DK/_/L61QM)*,Z-6=Y.2\V)+4)-L?JRNFU4\>A[`&X.@?:W]*AS] M8Y-7C#3QD%]U0?_)Y_7(G%T*GS[>CL=O^_/V?"SNY)A!QV(U(06>1PDL*@%H MDP9AK;0BUDN/$\.T?6A@D;,;00]3T7HIBKC7KG"T&VST+`,O4B2L=I'-<@#V)*3/I'W,T75K`+`+1A%MY)]8_)36>&C+P;+74VH#*R@"W MK*:XV]M6RTJGHOVK[DN_U'ELFN$UX9#?7%QLOM5JV^\WVW>;JWA9KBX.MV#N MWNC+Y394?$F/Q_JN_[C:;H]?)9D]YR"]1*X1(;O:EKOH6NTIN-MMTU]<>=T% M'AO026]$>XB-Q^]_7F((G M2PF+I=!YF9/?,[S33&7TX"\WUW8OP_JWU:V,_5C&&[$S9QQ4D$Z;S(B( MI:/=LIIP3?N^;4-A4+B)PJ=/)':N\.F/7P_^\WZU)MA^65W731TVLD?IV%[/ M.=">.=.P[\ZGO8"(F>#GCC[64$IM<,&P-K5&,[%94%L!UI4.-KTQ7IY-+08]O8F;:_Q7V/Z.ES?D M/$/@/6NNP:`W-B0&01*60O((A65Y*->314P3NVOVJ6>]I*AKC=R"!'*/@)]) M#O=&#CIKPBLX*,E9(G3G@30]=ZB0S)%/;2_53RXU/+01)#(/S4D$<71C<^AD MZH1#$D9AQ`#,U"N)B3XZ)<6AOG*1Z.3\2YTM3*N7H)^.*/<,#MUDJMPTC1T7 M&7HP8K!!&*NA! MC1E\QH0J&;!.>$A2"^#":'#.!"%-*CQ,U$+ZAI!FG=T(>IB*5B?O[S$6=VP; MYUW!8V<94HH8"WK`8A&,#QR8M_3)">]LU"IE-M$OW#FBM"39M`6P!R'M>\6\ M6><;<7S/(;E9$["X'=5T;OPD0^8DMZ7D(!(*2#D78$H)D!H]?6V4A>>79]*A4GY[/2Y%-2\0F&$@_[0B&;QF_;G:KRUW9;#F3'/^;]H7\ M3MA`9\<,*+..KM8%E4P1)*@('*E!$.PL<'2<3?3>]FG"O(2+9&F$)ASLY]%] MH$Z9NL^883",(7>:="R?/%BL5%O"P?V7=&WM,E$C93_,J;<%K,L%W\TF?UM= M7)SA^(='2*@)1^Q(`-/VL?XQ\J`GX%(CS/]M,6O M876X9DH*R[C['.>*ISJ$KH!-'B+5J?7"D=F<5F$GH+5=3*_K\6,FI"Z/4 M\J;MO3?K<3?J2&7WY@N]^"VI<>7L'SXZ6*E2M$[5#'8%,C@-UB&1H3=)\ZRT MXT_&*-OLZ@NFJ^WJ\L]W-ZK,X:7_/+.[4T,&F6QQ#`-X[BQ@*@CT-3A(7-=B M2M86\:J+Q,P[MH=]9I9#J8NW*E]7/\CG)U+-[IX:B*-&[F,M;\,R*%4O@V11 M$PRR-RP[GJ;ZJ3M*B*5.>QXP,P*A;TD'_78\4G(\_#!^\,`9SR5I5O,D"9!: M'LT:LF5N\ZE9]FZBH=%40V_QPT> M!-*;%J8AT!<`2BM/ZG&UB&\N]I3HT_S>\$W+!B[%0)H!UH.!/$3AZ8ST$R,& MQTHT7)(H)$L,%(L$)`]LW]R**Q==T1,3)#J&MI=B"LN!U-RHO/>6C2W+3]O5 M.JV^TA(?RUVWEY9%:DZNV+J\R5WXZ)]XD=]OMK6[X+O5KA;*7ZVO,-\6+:5W M>@WOT`^.QRTONRSVDKZ%N_>YZ:=>Q<&AS>2;RQJAI&?6R/PW[?7JTNT..G&,( M2EFCG(50BRPJ611H9"27E<^Q<*DCFW^U[<>EDY9`]B"F?^^UYY%4\_CA(2H3 M9;T3F$4VD'U)X(0IX",&8:**I+*]9G=&8_)8!+$^J9;?`Z\?U@1`PB>R+!\_ M/B"WUJ3:=Q)3@1A"A*0E)[2$M009+U.OT_=Q3S2FA84P:VF8'%/A&ALG-?R_ MOKR]&4P\DQ9>TX\)VY9A_+S:_5[ST'ZEE;:DHZZ;JL9?5K^M5V65PE]V2E91 MHE4/_[=;O78D>QMVN&_EB>M=6^/O^'*M39WCJS8FWB]7<8?_N2)*_>FZ*;D^ M7*@UFK_N\&,A3K`BQGD>O[__K?XI$O#TR_\`4$L#!!0````(`,IZ]$;ZMT[L M(#T``-?"`@`4`!P`96=P+3(P,34P-C,P7V1E9BYX;6Q55`D``VM*K55K2JU5 M=7@+``$$)0X```0Y`0``Y%U?<]LXDG^_JOL.ONRSQP#QCYR:W!8($#NNSL/;%H";9YD4@/*<7)?OH#*(NV8XFD*)"6YS)58UM"-QN_;C30C0;XV]^_ MSV='WW11IGGV_AW\!;P[TMDDGZ;9S?MW7RZ/^:4X/7WW]__^S__X[;^.C_\5 M7IP=R7RRG.ML<20*G2ST].@^7=P>_3'5Y=>CZR*?'_V1%U_3;\GQ\0/5T>JW M69I]O4I*??2]3'\M)[=ZGISEDV11/?EVL;C[]>3D_O[^E^]7Q>R7O+@Y\0!` M)S75UA;VK^-ULV/[T3'TCA'\Y7LY?7=D^I>5'?@_M/S5?CM=U`1/&Y.3U9=U M4TO[C/4]JMK"(`A.JF_KIF6ZJ:%A"D_^]>'LLD+C.,W*19)-]#L#U]'1;T4^ MTQ?Z^LC^_')Q^HR!3LK%39$O[W[)].+$MCCADTF^S!;E>?(CN9IIGDW-)\52 M3Z/O=SHK=6F$L3+]>EOHZ_?O],V=`0L20!&P4/VM,_WBQYU^_ZY,YW"ATF9EI^NSPM=FN%;#;P6(1LHG`BT M+--,EZ7(YU=I5K$O*R#^7*:%GIZ:1V8W:0=,0^]*_2M M,;WTFSXU4\!4RUNM M%^67+%E.4_-IJY1=&8PC[GE2&`=TJQ?I))GM+?M&;JX[ MJEE^WPO_;HS&%;^O/GIP';1CM\:CZO(TBXR+7?S86SLM[%ZC*TXTM0OO(3NY M\I=F3MS@1?=5WDZ\7712ZJM%BZQ/F[AZ9+=)=$-+5P)TFB9?-G3S^,($IHM* MK^6BJ,)8N\3Z74]O3,3+)^:K=)%VD&Y'/J,*WU7#_=B-VI6.MM*+FYN.?-.S M_,X^L57(%RT="]!5[=L(G(CSD!LRZ$?9PLP5I]EU7LR[Q)I=2%V(&"5%9JRB M/-?%Y:V9P%K$VM9\"%&Z:;"%:@C!.@W#9B(78JDD+?Z9S);ZT[4R`7(V29/9 MDR'?(E]'ZA$$[:;GW9B,('8G*]B)APNA/YD%:,'+4K<:P(:6C@7HIMCM!([% MZ:2PK>V="7.6)E?IK,NZ:EOS(43905?;J880K+O6MA*Y$.N\2,W@-0QL`%C' M3.WS>"O=H,)UTVI7B7NAD%I4VT/Q=SZ8J+RZ3F99I. M&E[%9'FECVM(>HK:P&FCP,9(TBRU;O',M'EH:65R5KVU>JS^OM#9U&Y(#?[@ MC:%VO`!^NIK?N<+F=F M/)7-0H:>K\KJY@Q#V"$#!!0^AA+`XQ<(\)5&+0A\FB$O)@:>%@BX>'4&D^*E*F8^:#:AKY=3++S6+Y_;N%\6>/'^;9PHRD M:%9%F&8&T3>K7<&!C6U#;_GW=,<192EB`'T`:$A)$(7<0SCP10V(KS@>R70: MYN:7IC2+T]%3DL[Q(IKDH\M+(>O.R49)-+Y)YGB4OO]IJ M(N,\.`9&+Z:O"F&*.?<\*OQ:+4'DCV9?F^+=;L;5TQCR`X9Y#+>EK-KT6?KM M:5"SVN0.?WQ(_CO?W;@$DN,L2^Q4`!&(981`8JM,:`AYKU,S?N+ MK(F&`_*5C>E1]H_)O'U&W)%3['-!($=`*I]`0E#@";3&0E(1'>X::A"-=[)2T8A08/X% M$"'"HW4?`>?]YK?!EE*#:3`?"K$>*_=0S_+[>5)\U8N9E6.K?KHIA M9HPT]%!$`U5'KQBK7D:`WJH1N$5K%$N8Y\4B_7>UGV,/LCT'I"[> M3_-09;4;=A5_SL,X?$0<1(0AR2C&`8<>`P$+'G$67C]7,MA\XM1D7AG+,1S- M>?)C=8HC?Y!]#:`N_V'S1PVNIHTT9BCTE5FG(^R#(%3$CQ"OI-=I4CO,M*(U=WR0<\%-GD3]C,\7&_-S36O MR`9^8LQ,\`*))Q%`,J*>,,L+KXYC">[GRNB;,,7#@K:'\[(WYMPEZ?0Z+Y(' MH>Y>'$CZR54UTL2(<"44XUS)P..^9%"!.G[A$/6R!O8FK,$U.*_DAIY@<:%G M]E(;D9>-07]W)G'D0XY0&"D1"!^&,@IPG>HP_KE?=M!_$^8Q.%H]QO\'$SW> M)#>Z3%;.)S5Q9I;IB97$7L)ZMRPFMR:(S*]-P&D\DCUW=VTBRV1N*ZRW.(C] MF,8V_Z&`YWE80>21D`=1G>4.3+S:RT2"-V$BHZ/7PV3."SU/E_,\FS\(.LN3 M;/7PHI[SDD4E_9T5.K^V+;;82D]NL>0>B`(FA118A9(R$M9U`Q`@T"^1"-Z, ME8R#VQ/S^.WD^1F!/<\-M%[UZ>Z(0M?;.P=]XK!'3G:]7'/,)S=,&+O< M;OD:$KPN()TNE!SI6$XM6.T+&Q:9+QO'*$),^9X)Z7$@D*>0\I4?$"_P"84> M;$V"#-RKU@,VSQK&U*>0!U*$0(7*B\R_$*U[$_%PK,*9QN,S^RCAYT,S^_3^ M8(_$U+U:C2\[$^19=7M@?'ERRP=3WB2Y-=/51+U;A?KM5 M[,HKQD`0Y/L,`^B10%(6DAIE:!;>AU7-XMA2!D9K9.NIKMK<0" M@X"%$:.`1J;O#&``ZOY#1'I9RV#U)8-9BU.4QK"2C[E-]R\,>(;US:D]$JG+ M1:MA-)'%$@L(?<@A8%A&T(P$QM>]9`:"PZH5<6L+#H$90_T_5WB>KA9%M_G, M@%ZNH+DP?5%Y<9\4FXJ)>G**0VZKCI'/(HDAA"121*ZQX`'LN:$RE)$XS$,- M"]081O-27M.GV7):79E95"I9K.9,FXGYG&\>$XW)*1EGE4MMZ8-*Z)#687+Q)-V#`+-^^_Z#A4)CF4=O@,90\;;EU9?,UB;8+>A_&"RM\)^RQW?JE+Q( MJXLAEH4U MAR@\L$AL+$,9!+S1%MZG9;G4TZ=>KWI9T4=]7WW3O.G;@3X6)MCU?4E(Y!&* M&?:@]-;]YB3H=T_"8/7UHRZ;'6/WVC:S]I@7.LW,A+JP`:X]T=33A+:QBZD4 M'@T`48A'/O6XF8'7F#,6!6$OBQJL1O\0+,H1E#W*;?](%[>W>K;RC=7+A>K) M]'-^:1QD>?W#K+"J9@81(_:GJUEZDSSDQT5=.VQ;_-.(;EM<7VB;19]4Q6&& MTY;BW%&>'0>`44HB/X001!0C*<0Z"\=\!/IM;`QV)&!H:SQ4W,?PC1_2+"^J M!,@JJ5&?+;OLRT+\OM*"PW^TM4C8D84%S[P"8\`4HICCNN!;Z_SZ&6U M@YU2&,N'OA*\0]:I.WN!^?#%O3U>..Y.J)=O%G?+N]_[`S;.J9=ZLBST-+$O MP2I7O]LGG#54(7>KO-0'G8I##6F-XE M=AI8GRXZRY.L;"M0;J&,A7$3+."^$@`0+PI5Z(-U?[D/^J7/'%4LNU78BVLU M7`(S0#'S1K-?^]@+XS$N[Y.[]<%D76PI3FXGBOU(`@9\+@4!D?(H4(S6"`9B MK&W#G2J3G6DO'PBF'F'"]ND.J/IAJXT/5\-Z:O=3VW7X_E%FT?4C-LCC/ZGGKLR[FUD7I[^;O MA3T5;*D;[^?LR2V6BJA`"@FP(*%!+[!54AZFG$=2<7^LPR8MD8U;C>5CPS9& M.'V69S<&H+E=\WPV3VTY@K2I>6QO'`#89T(I*3S`(B;)&D%,)>QE#`-?0N]Z M?G<(T&NHO?7PR6:"V,-$A6$DB4>(4#C``8#UX*'T@,\@[:>H%JWOAMJ9&A%:9OH&FACY$B",.891`)#GA5[DFXG)AQX*(R(. M[,[=?7'/AX%EE*W!QQ1%:\'WB[8Q)3QBH+I&&OI,L0@"M49(ACR)14OWNQQLDNG*>/74- MSG[Z7%^69&_KVTVKVRAC@2.,H`H)Q8I&D-!0!FOQ@:3]CO`Z=\%CZ-811*,4 M@AIQ3[-R42QM3OU92L%NK4W/3>!I[V"_:=HIZF'"?4!5!6"/+ M*>T743MWXH-NGPR&UGX>X<[8J4T;S.X>;DW?S2TTDL<$"1-MA`+Z`5602#\D MM>';M$2OJ:ZX#;:..1FG2(49Y(I MWY<"`N[7Z]30[U<[[KPD>%!WX!JD'E[@R],`L?-*KX4JIC#P3:A!&0(>I1$% M-&!KL16(^KEZYY6[@XUYM_#TT.HZ7_\Q7UTSP:M5"2_+?)+:><9>I_KS'L+C M@98M2M^/:8R0YP4F`$78#SWE0RX56FT3A"%0I-\A2.>UMX/9Q*CHC95M_?P0 MY7Y(%L:^[4W?%_IA M"$,/\0B$M0'BL&=RQ_FMU(.ITA4R^ZS@KI+LZ\3\3!?7R>3AU1J[K^BZ<8GM ML5:((X8441&5@+&@3EC9VI-^"G\[Z;QA\1IS_J[J`\Z3']5;6J[*19%,FJ[$ M:"*+):"A4A@R'GA4LM`'JMY[\'C?MUR^C43@``"-GP5\6&'\D)LG@7:BF,"0 M&Y\744(D10@3J.HT!O+I6*71.VS5[*^LQBS?'NB,O8RW;WU?";N#(]A,&".) MB`((PA!4]U0I1>MYSU=^3SMX6^E>IQ`=0$Q7?KH^7^CK7M M#>'!F9H=+I_O M^<418`PA'TB"A5(B`I#7N+"@YP0XV(U-AV)3/:`[,)/BUPM=5%W9O!.X+\L8 M`J`"#@/.A,>B2"`LZQ-J@9#]+OX?[%:GUS>L?=`;[GJ(JK9UT%?[/6Y^/N92 M2IY-?]?3FS2[X3;5GCY]6_.K"=#O@@97Z;NUD&<=7B6WH74,0B*)],*0`A1" M'X6$DL#8$H/VM9Q^:UP]=+_:[FKXJ64L4``P`4"R,`H41TCB=7^81WB_VW0= MOTUN+SV\R#;NT_\!KF`XG#.<#`4B,*Z9TPA3CU$FN6>@B#B"7')YD&^/ZZW. M+FU?:W,;-I/_1%N[C M(\Z\WE5LEYWC(XHF1Q(K%$?A4$ZTOWX!2C.B+)XS@^%$V:J4(\N#Z^D&T`T\ MZ![O3MY98LKCT<%.O,*G\,!71\(!W1*%*;CY0,55D)`#?1& M2@&T1]S60Y$0M;L2RY>!J[M(W@9=ZAVE%@+/$2714:D(Q(IZ+JTBQCE'ZDX[ MH(;*,S/H!MX[++W*LF.HO+AL8.5<*=):L$N'O:$^;/?4G/0JK8EX,;[[%B(5H?DGA-M;<:&(.@0`T: MS+H11>+H3P9E-GS:");3/3UX%6"1'!;S694$EDX87"(QFQ17P"C@83TH056[ M`[(LS/P\0L^)5@L58,&;?E^*DM,C#R"[1>?41]Z*)#>^VB/H8?0 M4$`I4?50-&H9G#)+B(PLHLX%5*_66-72`*OJ*'U8I6> MZYEAR^>''7],/:H37``I$G M\X2QQG,.032`B.""&H6:LWTE8,NSMBSA,T:Q0K3#;8C[SV=RL"VJ^4#H``IK#"'J4W9,AHP%'S)L##=C$3LS$CNHONS=.&OB$:0BWT M9#%93HNOMT6QODHB.6X$["L2+-`".JF\-0(:2B%1C8-,C&CWF.7\`\&+F`$] M@7(ID1_=`O87"LAQP2$72`N2&+V4LL:N-02,^#5#=Z&=H`6=4'J/^C`ZHV!, M:C"\^#^M;XN5JJIBO?\$>>^WP2.'*+0@CL!I+@D3+[=7CL/!TH^=MNGW(9BR M7T@&$_'5?/+M.>3C:7)^4R!PYT6TCH07SCH`'';\Y:J2H79^?K8X0[F$W167 M8:S]M\_!O\RK/XZ8=H>*A13).ZHO\UX"PZAT4CMMPJ%@@6$!/>0HGF68+10@TFZ'A=,2)1OL1WEZ-Z`VK]ZH9HS/X MQJ<0[_$\B!CC#;92:>L,%)8YT=RM".='DJ&\7_&U.!,Z#Z8A5./'6[.CVK"[ M0+#0>`N=4H`BZTW<>&TSDZS5[8*@9C,7LRA`+\BTN"G^^)#:*:_?<%GVW`7O M_3X@8[")/?/,(^PLDQR\L-B$;Y?59(!9?-4Z5DV?>)P^7:MB^E\WY?C/4RD0*[Q7[0>65+B M/F3<+R)]3M!B\XM9_'UY0B:,#@4I^[D.H+%E!#!A..:.""EA*PAO0ECVIT) M9@N]VF0(0#)FZK#%(2H388^X8CRY5L=T&<+9KJ M(+K2`TZ7.D^N?HHH7I55]:68EC?+^?\6LP_+S0FY*>_N5\5M.HU)!:;E7='D M&_NND:YRNN(*W([;W_L`AA_:-`,XV MA/?-1EQ>+V(G5\5T,:FJ1-V=):PFT^G#W<,B[<]EZO-TN\_S39]3L7596WS% MW_?Q'_<93CF:"H(P$\7BA1$4OY7>KJ+Z4NOFR-Y)>R7LW=4_<^;-*)0+0WRTO/+003IQQ,7@DP$"'CD7Z1 M"R.\'>VR]V<9?6O6Y1!LH5`_>@RO.I] M4CG=X!AA=,MU-*D_+*_+U=U&^KG:=)/5,LJK^ERLOMY.5L50[62&\L?F\FIA MX_BDY&_+R7(Z3QE*FFEQH68OF2BAZ=HVA^FGU/THE::S7]=QS4M]-9/[-/[J MZH2L"EVK#MX*!A6D@M&X>WI&)#62(>`-L)"SH[?]N1%[W#6P8WD93BD>M+*, M.:J)E5H[22GGL!ZYHWXHGL/!9`W#B;?,CN!DK.D>ML;Z M\X.=5TF/XR".4BK.J"58@Q""$&B)K>*01P1TC8'1BHV7F=>;=,NAT1M"DW;T M.:W13ZYO=92S=TKQ0#E24F$#&1-:6(L=$0W"0H[OL48NEHSV.A%=UF"SJDF``\,!D)`X`2B4DD@>(T"T"T3*&5C M,655H(RX#6+C[#AY:7[W]*QNEU-1U4E-#]D_':L.4'@2YYF76'NKI*:>-DNV M%BT3^N3?Z0;W_(?%>9BML;I5RUGZG_OS8?Y]LMB:D\H'$!1PK MIX"5B$:L,?*N'C>F+1_4Y=.OP<3\9HOL'\S+*=&.Q?EL1=I11P`,$6D251D` M!CQT7-CG\3L=;861V53C4J;N@+:X(G95A.RO633\JOFZNBY7$&!8_#V]G2QO M]ET)'RP3I*"2>F)H]($=$C[%E*F[C*5L%Z8WGUDTM`[T#>`0BTAB)B>*5A%5 M]=MBEVEW8/4X7CAH2;$FG&NND+`JCI6@>L04DG;+1C;.]\66C=Z1')KD^T(X M>(+I?'KO@1H",4H8R2.$UG,#HU<:G9GGL4.IVCT2RT8"OY@6Y8'SXF[:5D", M++[:J?4'[IV#U"JGF7:`4137[!HWB8N@\L@HK9$B=:<]Y(-==_2P4/4OJ#(3C"UDWT14/D_ZQXH% M#*`4B&O#J#8`2(^!;C9I2=IQLB_C)665?\]`=M&`;Y/E']/T1G-]/9D^#[B% M1IQ838#>Q*%H0PB.NZ]10-C&[7.X95:;R_A0PVA('F"'?=2TA=0!(V7G]\%@ M"`10`DJ$/<8IL%AC]S/'API^/FJ%Z1/!?*3L(X30O"38K3B"`S21F3^\U=(` MJ.V8O;G;&0*_K>;R@OAY-8^Z?A];^'1MHH=1+N:SK*SYO0VVXUSO]AX>OE7S MV7RRBO!='>!%[_TV$`HUM28N191%\\8YC#M;XOBX^2N.$(R[E)M(!P@I!%E.@4_UM("0&MH.0!#J=5) M#.2.RE%>#+9!>#E[NGN4-WJX8#"<0>EHG*_:"4B0)[Z>P<)H.N)P[\,(^$=^ M3@XTW[/^C(YQ_$]4F\['+Q^6LX?H^3Q&!WZ]FG][2'B;3;2L#_-?E[/Y]_DL MI3N+7M+^8*&MZ@E:*P`0P$0::RT5T3-L+`3(]5!/8$[TI_N24SD<9.?'))P5 M\Z=U(_[PXW(1?Q6NBIO)XNG-[1[39,=7`3*'J;1:X&CX044`Y+SN-:*\W4G; M^6>Q`UH:W5'H7W9/7=F[J/_X2:`J*A1@$B-DE"?.(BX;`QY2,;[MOQ/J9:\P MC%]\H]E]+R*U"Y`$R]5]F<)1_G<*>O-;7.9/>G"QOU1`!$/C*5:>@L3PENSY MH4D<([>Z91R0OO?/]J+YD=#7&Q3MP@:MYXOY9/FEJ(I8_O9IGSYH$1TL$S2V M!ALJ-840`1E;XZ3N,F&B'9.F]PO*SM+K&X@6LMO6EWT'@Z^^"0QQS9"6TF@7 MQ^B$?7[#'+MD'6^9^+AOV?1[]M8%@19"N2JJZI?;R?+WVW*Q>/STU[*8;??@ MQ>E*_[2J;N?WGZ/Q%O\^V4N9[5)E`,"G0(S"22<<,A9[(QK+FK2DZ/<^'?L5 M^8"`=9VV3U=,6Q*+AG33K M.S81(%$<0$.BLQ?]/RH0Q_4!@&*BY7;<.Y\@XZ(Q+("7.1D[?44ZNX[`K8\N M)HP;H;%""X.BAU^/7QC:SB+HG5_0GP+E1B@??^!+$;V5*O$U_U,L9KYTJ]XPN7#*^U56YO+F:?T]I<=+BL-770U>U9Y0. MU&F),5**64>EH`##J&W8(&(L4O#H*6(N1GZ*<=I0>K=)-G$U5+/9_"D&_0MM MJM+I'/"^K":+#0VGBE4L'F8I<_5.J1X+=#50#X*Q3A,)-8)$:`\,P1K5^$,U M6-J8@[&R>M6C-U3_,>(\VIOPG\O5^B:NY9MW-I^6+\N8+:KI:KYAOJ=T3)^N M/Z_*",'>@^9N%0;AE0?2>0!1#V'U[ M!Y(N?.J^GY1.\>@^C0X4H(E#$E0C76#`[YA3KN85_JJ[U"NR_6]E& M-VZFBQG1^\87CX*1G&*H&-Q#,X:QQ@@K$$*ZI&%_,HFGQ_?!+<% M:`@1)U^\^/,AT5.^QS_2<(^Q!G>7"`8)HCQ&#C&'-`!Q[X?UV.*L&2J+Y[LR MB?K!^D)Z='3#V5LF$$*A8ES$"<*)37G8;3/5H.!TO'9,9XD=UX!.&+T_71B= MF3$>%>A\B5+O@E6YV&\([/XP>`ZD!0Y[RG1Z[&N5:]8\S_Q(^`4]@ESV",=8 MN'1VO"64OZEZH@S-TP'0MP[%?:6`0H!V&8U6>'^,_#"J0_U?:;8Q&8P/\RW6UL_.N[KY-JFHR*U=?RK]^GZR* MV_*A*LIE\>UAODA=3-[I?)G*'?3MSZXG4$`L$QKA=-)-$'5:TV9H7@UF9IZ8 M832W`,OAL&RA)A_+U?KV/C$Q?YG:-=&`D;S:&$()>@-I"#6(G9L6Q:SR$:)7W7W\')V+36;P/Q_F MK_*=[\J&=WHM<2UD*>0W5S"N?/$/)4SC71C@ASH!&X&BY$.MAET]&V/+F?O_V<'KA(#63$BB>KO^@=-&&<@U_3&O?[CEHMJ#WN0R) M+&"UD/A/3?-5>1T5;I_I^.:[(`U7#GLM8+1C,+)(L!<>H$+MWGBR?YH"H\U?I:L,U[)H]9- M)GI1$V=KIU-RY&'3":4#CGL-=8/9JS#+?I`9 MPKK?].TH;WWKJP!,W,"0=9HC1;&FT=!@#0K<@_%>Y+60PRY)=L+AGRG3T=US M#2O*X47X0-Y1PC44T+(%2G!O,ZW%@(4:6_+25!'Y\-]1A M_(/(LN&K''L[\)"BGT=0_9A?5DY,>=IQ0 M.EB)I,+0Q4EAE,'0QNE6CYD2..+G/KU*]%1MZ8S\,90\A^VN5+,9BCEDFPNK MBR[[OU;%]K8CI_E4!L9PCK?85"-+R99`P+YX!BGAE% M0>-2F99,YGPN919-Z`V>00[Q&@A>`C6>DO7[8+D`7"(3,429X19))+AL_'/( M8+O;FFPZ+]^U_#MI+Q:'QCLUTX`(J%LC::KD1$'X9BAWP]XJCK(R-.YE&%WF&ZN&), MIP]W#XO$!#W1`VQ16P!0"LXQQ\XC9AD'AC=K(Q0,ME*=;%S-"ZA.+[A=6I<^ M%FU7F%@R0"6=TD0#SBB@T$.(&Y8%!;Y=BC/^?G3D?(R&Y?;F37;_I4AI(^(\ M*1_2V\R;V.XR_CA];<#VWNJ\^B.=]_X:&UJMHU[D)#%_G=\LY]?SZ>35.,O% M?!H;K?^?K?%U.?U#3ZIB9LJ[E-WEU38P3&N79&Q_O9VLBC<]4JM58IX\70J^ M?/)Y\IA^I?Z:K&97)]"ZNU<>L/V_]JZVN6W<"/^7_H`>WE\Z[0>\=C)S=\[D MKKV/'$:B'4X5TI5H)^FO+R"+=)Q8E`21-.7+ESM9(<3%\V"!76"Q2Q6@`FB( M-5?>AX\[S1?Q.O+!@->Q8[\/=G&SKX_'1XB?^8[,N3`I4\6PU=9H;Q\S1PO& MV&1Y$'KCR*<<*GN#S:<%>K8AZ0\].AQ[]>2YS%"!A69:2$7CYH]"%+:=A]*G MV;J3A:9/1OVWEY;/P'`*NS<=E\>>5@.@^8+C90SGUC878KS'R&P-G1J]LI[%VQ*&_+_NE__\,9%,A9"9FBAG+C*510 M=-VF!8R,Z9R-I/O7!@<@3GW\795?RGVW^8^IEF&.'8.A'5&$^0$1HA!TPKN&9OL M>O?AP)V MS\)EDKL]N^V=0S?#OWHLTQQ3Z[U@2AA--8TWI=M>6$RF"N>[$&MY``BG'`B' MK_$^W1"TCA)@/+(ZZ`H)'B.7H.T)8LK/SY`^CY`]K)Z%QB7S.QOK^B5IG:U% M39"6F%A!$(:(Q(SNC+2"2TS3KEF,=ZDZ$?53;.G3$$F@,M[;;+Z\J6*H67E? MQ#Z%9W`OC[UM,L(!DA[Q\`VQE@G,=7<`!+1*?RZDBWR_$:AH>T>$&PL&MJH/M,L2`)9@[ MK!6U7%%A7#>&75BNYFWF-\5FV9=+IIBN8TT M/IRH\KGG,X0!P1$^+##B/P[K%@\C<$T)%6,):<:E$:3EL3K]^=$'K]W!H#D=^[T3>VR:# MT`*%D.(BWL..%_9!YTN&KV<8\#$8"8=)/0NCBZ!W5FOTO%@]F\TX)^75E[?% M^KI>?XRE0!_6GEZGN;]19@CEA$$@@I/)93P]>3PTXT[/)*?4@.#7(T&3:DE_ MJ%NCJ"SMTT&,3<".*FTM!RC&$?4!299J6=T7C@\FT,BDT+F\4;$ M/AM"%U7`O]D6R3P0H372VS+E+;":88Z0A-1K#+5K81(>374S^(+,MWDP<98? M?RI87\O;>U@RQFLR)X'6AFIJL0ZS`4$<\B[,PS(S3P/SQ8?)L]L,+TK)CS'; M`30KJ_E//52GWT!SGXO%73S`N;J^+A?%_IBB_@895YYQ80'DB#EO?*R=T1WX M.#E94O!3MM"F)K4>`S7NOKVU8<*R.]KD`'!I;;$:VYLL&XI],IV^\PH M,?)@%)/_Q6D?%,DQ5J_W#_U__VW_VY/>3;.^VP)UU7PHULV'O+JZC3^Q^7>Q MB1E,WI4W'YK-_<,?P8+^4N3KLKJ^"]Y0$3\?/I1]*<$R1ST4R!"DO0JJ1PUY MC/ES@,TLY>D+I(ZX2)Y&5)+OH'V^C[\_]O%M<"G#]_7UKG^A^TV]6-RMU\6R MKF[""YIEWCR7'V46"8S_86HR%QHFL3"W,5V M[7*E[X%HM1TQX5.L_[2H;ZKR?T6LOE#6RYAL<6/RV[+)5_%;]3&FS.HS4<=Y M8R8T8M)JZ:@22L:H?].M^#(X%DDJ,%H^W!=,,#0/`A*F_YV6Y3>M^[GY9]2L M8KE;H515W>6K55!4OUV5'J3=9]@D_EIFE$`.D+@#B!"A,I;Y[CP`8M+"$49+ MQ?M"4^TTX$XQ0>X4H5@^CZ3['#_V)4X[[@#"1$"`0 MNUBVIG6-%4Z[@#!:5N4_F6(D<30OQ7@PMZZN'_JU,[+"`\T?Y6IU%3W1JVK; M=WO&+L9$XH49"D*D@&-64X.HL]IV,Q1++8HM?BC+'-B:4FW>UIM-^7[UX.%N M?J_U0PQ7YX0\[&@.K0W'O3733'"%H<5QH6XNXB>UB'DP:Y_#'(1R1A M"G_UCO]_4Z_=YYWCXLZWDLSX`*:0G`2*[`$GYX#V,T.RB?NRD'PBL;Y M[$B8]3`_N'JU%MZ#;?='$16]6*K[8IW?%-VJY?-R_>]\==>;\7XN,F9<$.6, M\EHZ+(50P)MNFO*(I;G5\#6=@%XZ9Y/IW.9M7BY]O?X]__Q'V7R(,=%A.0Q? M/(_<(?4X\>%$4`)5=T9@H$],)/V:#BHGA#?!%N_&=[NM'^VI MH`:;J^N=9=7C8![7.%-&6>6-%MA3SR06!'0[MY:D!D2^II.\T<"\[*4_&$+W M6Q#>U:M54)+8Z$76]^<$R3Q7R'-!(2/(6JVEX5UTC,NBC$<) MHQ1G/.K%&?$0>(:QLF$P&`F,U=T=7PE@FE,Q/Y_B0O1D#,YFK1T'>7GPWEYT M97DJ0B9!\!4=!TP(R3CG0I$.?]A)V@@SN@;17N/9M!1[?/ M#`.<2$\)(@Q!Q0G0W>F%$#BQ7NQK"HT<$\_+GE8[Y9WG0=#QXF76>TVT-M%0 MI-AR2[_*223X9"48#]_E'&$D3N_<#DW(9:O15U;9/!7I%`&S8#I:H0&53CF@ M.)/>=FII39/?3I1QLP#:Y&G4!(@H([E#V%G M;GKKT^*;!W<6+EVEQF7E*ZWZ^T^/A`2S]#\/7S[];M?V"3&?/GWZ:Y%OFIN8 MC>&O5='\M*5EF[/V.T2V>;4V3V4H/C=%M8S!:C^=^\ZG]33WO6?2&JF=A=^G MTWN:9%AQCHRT!D,#@U,G)>*2(>"U@-PI(=;3H_OW2ZUFO+`>.J)\`@) M(PT&MNN92*S.<+IIFZ]6/5[=V;0:@,1686-WELW?%JLZJ-<__A*FCN+Q MR[IJPDAWJ^VT\X^_;(J;^.&""HJC,%LY2@P1SCO`"(*V`T2SQ,NVIP^-TW(. MGL7LD;7!3P-F$H-IT'K0%C'#I(BYEIC''`@'6=L_0O4,,_D-QMC1A:'3,'I] M8V'Z,9!8&WSZ(3"9A?>-M66+)B]7K\#HTEPC;3C53B.%F([UUX6QU#N/@#X8 MFS)?HXMZ"X5V$@/EN0.:8HAW/4-0NL1=]:F,KF-I.<;H.@V)V1I=9ETLR\;G MBW(5LV?WVUO?/YR):,-J[#C%7@@@@8>@A8$1/I45?KZI=32?]<"83+&R/A7R MX*+ZW.,9\MH`+X@4&#"MD,8G5?5C>+K6C7.]%Z<[TF_UYF ME>)$<`(QDP9"%0L;[+J*J<$SRZ%Y'EOU]("E)/H-0ND@U#9S[;]:H=ZU0CV% MH#\#\.F_E&'.J&.086>0T8`3STC;/:A(6C&'T>)&!QL/XT.5/$N\K195GCXI M'&Z>464(=X0!#@#D5"@.U:XC(OP_+=!^M!C(@>>`P?%)26!8+7[-SU+U$WXA MDUAA0"'%R!!#XT8!MFUWK`!I.6%'"^`;C.[Q()K"SGM3+>J/Q6]-WCP<%>:K M6'OJMP]%T:AJJ9;++2'YRI:;Z'W&TW7])?QQ6V]B=J,PJVW"3ZSNXCW1^$QP M1LOJKEA>!:]J>^JVKWCCM`)DC`&KN374.4L!!M)0VB&O;=J>WNGKS\MYF[/$ M>8H1?E(?>LNQG/F+F60...$XIIHRY:@@KIU=!(%*S-M;9P0I/5FO].,-Q=`+KZ;!,&2:+;87,Y;*X+U;U M;52QH&#+GOJ0/2VR:&L'*YM!SA3WBGK,1`>*QU-=DYO>+!L6F.%X[*U%U]LF M\\I#CYWQ6&"E*&<F=C",R/U;/9_"VO5-74 M55GW%V3^YK%,*2$`!1RB,/=;XB4%G6"6DIFLK`,"7`\&1LIVVX>ZJ,K/:EWD M_9MJWSZ7*6@,$XHR83`A"'IHNGTAK=E,RBF-P].Y:"0091^%#W["NGF[KL/Z MWWR)UEJ/(7.H68:L,XXPQ"D"W&ANN&_/<*3A/&W#^_0=T)>Q9@9&9V!:>Q>^ MPPTS":S#8?09Z23'4A'(4"L\X4;.T[@9CI,CB3X+K0NC?%8&SUR9GG[K;,#+ M`,9&)]TS)!13&B)$6U]:>J328AA.SP/P0'@CF@,`;#&0ZXX`A+Y M=F]/8BG=_";[P1@[.A(\#:/7-Q9FLPK,;PA<9M2B,9`0@2D7!"D*!12R]3X< M!GJR`X\CL[^%&]7^6)[SK/7X^YOD%E@D&7`"1X< M5!X62$QX&]H/`9M98-KP=`\"2\IFR2HB!>8H(?.>RD1 M;8U.[W!BJK#QDNL-QMD@<*1N)F^V@-77W^S\])\%'FR8>8K"\((6*B$-T=X9 MT]JF'@&?9F2/E_9M4"X'AR=E:[F('?ER7=X7OY2K51"EBV7[O5A__+G.J_X] MYV/;9P901K`(_J=##!MO->ZZH@A..T`8+ZW:H$R/A=(4*^W/955<73\U"TPL M-5\UNEZOZT\QVC&_#?_2?.E9?T_YF4P@&KIM(;K?>7W'CF2`Z= M9&2W%'EJ@9Q;SMPAV1L6FB1&;_.M`/56@+IZ>L=C+Z.]K3*,+0+![PIO$L(# MCN6CV#CU$L541M*YC`X)3M"5W7S;.KYP=^1*4459IA[!IEP%CED5`N)((@F MC19V$:/E)8$\8VS=/KCO0K9*7>QQ@#0X&3XCZ7_RO"&/OO71Z>*8JF$V:[0;//9^YME`'D M)<-$:6Z\I!0Y@&$K-((FS6(>KQ[YD(P.BLPD%S6*]\UC!LTW55.LBTWS+LPP MVQL(RUUQ\_RF+V'.\3^2&6V]PIAR2[B"$H4_6V>/0JS3LJ:,5\9[:,=X-*2F M'RN_Y,W=.IZP/.].'VX40(0($V,\P#)81H(%0[?M(14P,;_&>+6NQQT,9T"3 M,.__]MD1@('*<6&(.RBYCK`].4LY0.>1K3,=[$A$H$50$>`D18RT3@(SS"1J MZ&5LEHV#T32!`O6B*)8;'P!ZL]G<15_QZOK;8^_>P(%C?B"#!$#MH(,<"2(A M@=B"MN>`IV:[FO]FW*@P).NKXM%4]X77]OW>^C;^WR&)&0` MP?`&0(FWE%KO6U&U\(GWU2YCQMDT73+\:8$T[B M]3R"'$*MR`Z11"(O8X=K2&2^(G/@;,S_VH29WFV:,@C87V'C[S_%?WH?#(GP MQ_\!4$L#!!0````(`,IZ]$;*G\4UI,0``//\"0`4`!P`96=P+3(P,34P-C,P M7VQA8BYX;6Q55`D``VM*K55K2JU5=7@+``$$)0X```0Y`0``W%UK<^,VEOV^ M5?L?L#T?-JFRVWP_LLE,@228J*ICN]KNGMF:VE+1$MSFMD0J)-6/^?4+\"') MMAX`"%#,?DC'#YGWW`/@X.+B`OSY;]^6"_`%%V6:9[^\T=]J;P#.9OD\S3[] M\N;#W26\"R>3-W_[Z[__V\__<7GYC^#].Q#EL_429Q4("YQ4>`Z^IM43^/L< MEY_!8Y$OP=_SXG/Z);F\;/\*-%\MTNSS3_2?AZ3$X%N9_E3.GO`R>9?/DJHV M_U15JY^NKKY^_?KVVT.Q>)L7GZX,33.O-G]U\!/TN\ON8Y?T1Y>Z<6GJ;[^5 M\S>`.)F5M6T&(]W'O[WZ_%>S_K3N^_Y5_=O-1\MTWP?)8_6K?_S^[J[V\S+- MRBK)9O@-80.`AH\B7^#W^!'0_W]X/SD(S[^BG[C*\"=*^2TNTGQ^5R5%]2YY MP`N"HW[:4X$?]S]B413/GD`I\BE%ND,I^LN)!U??5_B7-V6Z7"T(/U=]'!!` M7+U&JPQ>3<.U",ICO+Y\H&S`]V0$8[F07S]2-NBFLZ%LKJ(/OWRL;/!R,:OM M''F5+"1WCE>//`QZ03_VCGS5?I(^_H@,U]9;<=UY,OY6X6R.YXUX/GLV2.>_ MO"%?3?&GU30BK?^%S"=?\(3(;5'/5"7,YK_A^2QIEFY%D1_KGAN8OF-H<8",($#!M#8RQ=GEA[L.4_TCE4;?\)#UNAT* M7.;K8M;,900MG3C_!^\A&!R?7=_?L/OZ/K^SL`KR/P&XI^G5S_ M"F!(?CVYGZ`[\,\.\?_\?+7U?/@VF+=!1QTIC+@MGN$\8YODLV=#G1!#1K)N M:XZIU>-8B*F7C.PF(&\F.."!*_=7R7%[$13M9^X MFN4D'%M5E\]&$(UA!W$N'Z+3-A02A_?2MQFVZ_+R4Y*LIC14G:\7^.9Q+Z1[ M(L,!H>;S-'"=6$=Q')JV@>PHB&SH=/9U"P;3:A,_'!RNTHWRC-3J0'QS9)AV M.$'^"+9(P0Y4\,_[Y(%\@$(&-696W93?`,>GK;-RSS=C2:;]A32V2&N4CTGY M4$-MV2&0=>L*+ZJR^PE54>M2T]NEY5]X:=PCH+&F&>PO4C0,' M1J'E>1:,H&;[NFYT0$WH(HESF0)T9Y_-+@#U"OQ`_?KQF,QMO5,^HZGH!5+F MM#-W`,XT'$-[CWV>XB=$#JQ9S?FHLB%X:D8NN_CU:E&>//[[7OT&[J^ M:W+%Y'LDEJ/O11][-GXH&L7R[L)TLJ37C[A^()$N@ZP1I,REN)'+[4.<@3"< MD>ZT7M"MSIOJ"1=[(%`%O,9$^>Z3;U,SU@+;,7W/-5S+UCS=L[46!K("&$Y7 M+PHK3L8ZLA'P#*:78)G'4Y`LZA`T(?$*_I1F69I]HH%JLR5_`7:<`K57X)E; MH/&K#7\XHU;I3<86DYZSG?CF#B[R+P!!3)N.8!XXZ.1D]$A(J:IM1A(P*G,O M'Z:+-X%IC?9-FXM89&61(:B=4'^;81H@S0PPRCR_%B/ M#4\W--LS8[]#ZH:!QY.=.`,\Q>D)J@#K#7HP>R*_Q#0)\4A3J5_J5"I1B#0C MS\9E!0K20T#Y-5F5G-)]CI9E4_>1-RK?!,`@^EN_GB4B\FPG/U6"UCW0^+>9 MW<\V8\AOI2.3RAF[Q$CFG7,RD(]F?"I>4>C0BC3D:J;NARZR/<-W-S`BQW7; M%457YBH]3CUEGW\]L;\BEVTU0?Y6P3KB_UGXRMID(Y$19>[U#%_Y:&3?6SNR MP[=)9]`*E=@RH>,XIAW&GHZTMD+%#JS88@U;I-A2N*-_?*]>)`,G:;^#@;=C M6Q@R:1_)*)7KT\N-!OF$,8]'(@/+/+NK\MGGVZ2X*6HL\WJ?G4PS=T])@:=N MJ)E:X-H1@I&']-`-H-Z9=BW#XED?RK"G>,'70`0EQ5)>@%72K?)^($N!>;Y8 M)$4)R&3>?((W02>%<#;]&YIKSDV`S#WYB$ MMN$+:AZWG6&U+MD`$UU,:PBI36HOFK$ M2I^@$BE@KK\*78#)">Z&D:`&!8_\<-(Y5NGA=>.4[`C1(BXY-^N*7M1![T"9 M(C.*4>P'@:&YMN_%NAW#C4T]T'KI#H^A8<4GWR+KJT!<;`K*D"HB96C1#0N5 MPPC2#A0>51)A=ZS2).3+*7T2)XBITA5]F^&R;$R1E6*]0IR&GJ'[@6-%08A\ M,S1L"_J='<.W[.D77#SDIZ1)^/$\HV@7"?-@:E#)SD6)TWE';86;*AZ8KI-X>!H16<.\/6ASP^M5;$6B^] M'I0N,@FR]?*!*.L^K5ZF%17S*@ MIP3<.PK/9P<*@Y*$2LMP-(L*1. M2YHJU1UT8`OO?/5NIRD[DB>4R/=(LH4R/=I7J"Z3+`D#<'L\W]934@1D"7$GI#CR:>NG M-J<9&T)I:@SL*L-'XC@5AM.'X^HB0HBPLI"_AM_2BI'F6(8> M;&E10DJDAL.^RRXF M^H;0H0T][#+$S^@X54C`C^,B)$J,<'YTFY#5+&3886!XFFFX,-)C+]`[@QJ* MC!XBQ&%E8!4J&?%A%^Q$6!YV%>5F68K-*JN;WPML"K))W#;+X# M9M_F*G2]T'94<#D'.25]\6;'HVJD;@ M$[\..JBQ7X`=]!>@Q7]1%]@_D\EGA2-G?O5-7_:/R.Q@#3L231[.W_Q,(XC_ M+EAZN)#>/9LOTMGN:YUUT[%CJ/E0\V#HV%$$NQ?EQ#&$.F1_*X&H!76JL`4% M.E3GBXP.,W1DY$J@=21C4H8GK^]9E4,.TX&=#R6^>41EE2Z3"N^L6SS?BV"@ M&[%CAGJLZ]!KJ\R(*=.P&`.A/A:4QS8$&#U=L8'&<21%F+7CLC,477QZ\^$. M@9L8H+O[R>_P'MV)9'YZD<9^F&<(\L1/]-"CD20FFV_#L\>\`.NF&^(.]5N` MNB.4^-N*/*0V!*JGI*J/OZ_HK%LT/R1_][BY][?L;H&M7^1+!(R^/XX\"'Q- MJZ>=4_7)C"H;B2J3[42R*E+RD-6"3"4%_F.=TH-&U%@+;DE0?&JN&M[B['?0 MZ$!3[9DU9#3L"(X<]78AE]?/.0.M]VGYN21AW@?B9%$E:5;MSDJ:#Q;0IE^%/BZ&2#H:*;N01A[1F<[(L.=+S$EQ:3R`.W` MR..^24T&O6P:-CBO?%+V#!Z@^$9RR(B%MR/*)I7VD0B<7)]>7;TFG3"FU>;= M>KE,BN\WCR\/.M5IRJWI(`AL._90I(5NY#N!YH5!DS#2HR@R.6YEDV51N=BU M0&FTG=?)W`7WF4JI#)]>J9Z#6MXM]\.<[E>:1B!'P0A,F-H0,WP MVM*,*/9]YEHC6>84KF`)0M!`!%N,H`/9O''R?,M9-OZ.+6PEM\!((D#I;KU< M["JAC;V@&9B>YMO=R^1B(W+X:BQE M&E9==MEBI1/H[C#>XN4MO93*.IM"GHUPSFCQ)-?G+Z?@H?)8*:>*%AF);*KQ M[67!ISH"F1;2$?Z"%_F*2O9&IUV3A%!V:$:A;?J!%\0.0HV9T'$C\]2Q>='' M*BQ_0A_1NYO;W]'U/5-X(HVY,Z/'*$V$[J,2&.@=57(JH MAB-.2=S"$2W#$&-*2!75,"9:@)&6`"^:(H8"K\A'ZU*)=F-I)UE5T@!PMS:B M*[*C.U&K(I^1F9]^*BG()^;D6214Q$VH.-_ZWK,\8A^+IS69G_!QB;(`_OVJ M+$H$\^H5)45&.D?9O6)T,PV8FJ;IIF?8MN?'GFX%R-';I)86.";K3J+P\]5I M3P=I^UK=\R6-#M%S9,W3F]&1K&_Z^Y%+[FH]A\Y.G;@!#=NQ(L?RD::%NNN[ M<6?0\I##5^0@;D=YC+,92JO3;ZB6S:&8_J@AK[\`G2\5/(9)^10O\J\[I5Y."&%,_]/,&"*-Q`JQ'WD(Q:9C:S;S MW6!];"C,=':P:*1+@8$:V1FO/SW"T[$TI@QZ1S*BY/CR,DTICR#F<76-*VKK MMLB_I',\#[Y_*/%\DMV0J2ZAZRDXJ](OZ;/"2D/S(SV,7_QW-RB]_!^;3/;K/7^L^H'BABDV8]@`QIL49]/$_F9/:*4"IMI)/JITL-\L#[/J;4$PF-:O":C*`\JXBY!?W8)",- M@4OVBCHY>K;E[XA."9`\$OT109[W[F&\)^;G_[MN"GW*^_P]IJZE"TPZ5=.G MJ.G[G%O;+`21KL'01!Z"<0`]"KS5-CTV>93G+``5:]B.3W0T%IU7(,/T]<;U M8"8_I]_-:'"RV@E.\DU(DFS\^HE3"L_3Z&RB.OKVYI/G%TV]<0B\TFWZZS]- M**JBE8Y,`F?M%".93L[+PH'I%S";PR6-CO[5 M[%_K)!RWR13K14CS'81LWT"M;=>-7*X7*$@QJ'@*VL58;V,G.^``[7WTO@#2 M4&LJ.>VDDV?\5W[)X)YMYAB<=MY"C2V\"[`!6)._"W'PZ[A.LW9$F:62/A*E ME>O3JZNSI!/&OL%!MU&"I*07=RU7."L;:S&D+\4T30WY@:,'41QLEA8NLJR8 MJY1>S(1BM;NK\MGGRP<*B\C:%A>]3X5\S9M*$.61<8M(/86+J2A MMX3V\G)L,Z@?D2-1H[Y>O-P`DD$*4ZWJKTF:T4#P)KM+:%U\=Y+HEG2N"OVQ M3IMJV6R^KV!^ZEK$<.1$&HQ=VW<,0Z>BV``R(@=-,_R)_,7\_K0VJ0?#-/;\ M9NR]PLT\#JD/]"1LF2R:DL1%';B]J#A,-T>W>$Z)*VZLX\HWD@82$L>Z4=H5 M/&D;"IXVS?8H9>W`!=BX4#=8KY-;`[07>W'O>-I-K`IXF/9C*?#MQ>2!2N!A M6F<$)<,#.9H/W?$Y(_Q)-B-S08DCW/Q_)^'27M.[R;;8@8OBV-)M%%G(]2UH M64&'0'V232K>"40/I'O<'T?XDXFO;DEFP[LG=LH>+/J,KEG6RFVM;>*%_>)M]I M21!-/S>#?>=JIBGTHS`*$8E1O0B:L06A#3LTD>GV#!"E0%!=I]%B!*L&Y`4] M!%IK8ILW[DZ`UF^]``7[`67532,JE8.WBA3]W+13"[O94VN;ZAW+K8D#Z2H+ MO5QB*[6]1JO`(HGNL,;F_,;4UT,=H3"P0M-PD:G9=MQ5 M2[B^[QE\1R/EV>49_>)O(./468FTLDGK>?CD4]/F%6'["LLNMF?`P`;I.=ZP MR,+@$<&4WPHCT4@%CNU[1Z,"ZA2<&ILBVX@-3X-:`$/+B77'1GZ'P/,=>UKE M5;)@$T*)9KFBTPU"]LI_=`]">/<;N'U_\W$2H0@$_PT&/3IVFG@VL3P3YWQJ M*7!4;+3GPXY(IH*V&(EFJO!,^!P8)WE]5;.YSW5_V:T>6Q;R2-2JQS%$MFGK MWB;K$,4NUTVJ"LPK7N-/KC_2]Y@I$,Q>G/<2SJ'HEBJ@&]"C..#`SRR_ILIH MIG%KJQ0/V316'IGL9VV3[^T)B/:>L>U.?YO0-:"I>7Z@.['K:M`)=(BV=;QZ M`/GVC/K;4[YG]'[_U7>\1W7[$\NFGP,Q*B27'39Z+JQ%]ZSLZ"Q;12<).Z*" M\L@>B>A)=.CEN5_)5`E(&IS5+_T,\^42%_1MHEL(T]BU-2JDH1_XOFZ9L>[I MVSUXS^*HS95K>)@ZW%OR\Z>D;&IP=TIOA56N%]>\2J>/,FX%C/.B+3V:+.GY^^8]RE-DD:<;AH\\%`0Q MLJ(@L#JKFJ\+1G2"Q@8-Y](=9()*)\HIG\2I)+.?MM&7>W?5CA,F.I5*VGZB M&+2L)\,C$[&^WAQ0+RDD\=S[-,-X7L;$S:8>?2N5O^'%G'2][<&@J4N6P[85 MVA99#T,C9E19$GH_AK\NAOH!J3O M'P_B=EWNHINI)!F$D`)7LP0E(SXQP=!S,\UNL;0?D+@?3O(N?SH5.99SI"G% M)JIPJ!SEOC\&2QJ$1*VL-]FA9_7KXM>R:N[3^^QCF1;U3;;-\J^X2FCCNI87 M.4;LZ:X9F;:N)XX]#.OHMD>RC2)J+,E[)B<1<U^R[EBUO+C#!4ZM#\*W"U5,3`JWT3<;YL5IJMQA M_,9]$30#J[1NJN.V.>)3`-'++'_\JB[>F1X*&>`^);`Q-?&*@'? MM"Q2IR)?$LDN9]*W>5*A3:@G2H"G6@"L!GBJ!P5Y+F"]USV66H:C\V<_ILW( MW:%:MF-SEO)M2.(@N9%\P7TN9R$%G.N"RI9K/`3TCKEM]<"-'9-[XB(D0+TQ M/0>ZFF%%(4H8(T,WS4EU7I#$E'Z7?:#EW.K0VC9]KK$U&.B7`U=BC[@,I,P. M3PTTJ7W5,JBRYVWCD=C3W.U=>6RZ?Y75^ZXU_9%G1'@ZXSYILQYG1O0;GO#_BMX(Z[D:`+M][$U$` ML>P*3QG=Y.1OP;S>_>[+5\AYT/7_G:JW7VX0FP9-L5UJH9539 M8I&EWLO[UA)@E-#`L@D24X-6$H6V$R9&XML:C$^G)!N1@+8_EF&I0G:.MK_? M/L,87%Z!13M87@>=C$Y7PIN.21DZ5I1M4YDA4`FV4(0[96C&W(Y""1XO8R9Y MD1;;\PTQB1%841R[$4I;_`1JIIV,14A&D@0"6OYXAI>\Z)%<7@57D0S"Y,*< MBSB7@ELH@8Y"J]SR-X,L/:>*,)/:W"I$0S*.%0Y0VX2[>, MZ3P3HH0YNVPP*1/S)SAB@0"6:,6ZQ@$4PO)%:@P5H2H^'6:*$1D!(::;2=W* MW3B6[OJ^$4>)9QH6--P@@/Y0J.+IIFG2K2TR#2%]`?%I*9Q@RF%#E8QRY,') M75)XMQKEG`-EAG*X,%2$UPGF49D>[XL>-8FNZ8MA<- M#.>9?@S968=FE(6)9Z"=W>PS(Q9'>IX1#J``JNEE6IMM)M`0$@X+F`IR#I,: M,[3##@M3;G59UT>4VV77=Q_+XOXVJQX[SHO-./8U-W`]S[?,T(ZLX:A!SXHA M9,VT&(=;*>]B8",1V-+G7`O`RI.!#>)AOL("?D`V>EP[)3N/&6&"Q@FX(CPF M4J.9Y$T(6-05)-=W>)1A[*YH):$&@Q\>!EZZKG9YD5;?XAROLA>[&E&AI;N6BT(]QPFA%KJ),UP*ZVG0IKSR MB&UO\LOV1]\PLQV`66I:39`]NEAOD`J-@JY'<=Q`1D1P[ ML,J1'(*8104_W-@;%O1.JI"3]Y=5B&*X]G*8T29)\>4!:^H%+.3#[0"*I%@3@"C MSB]9P%:%T\0I1)1=LD-%U,LV'70@TIOL=!X*OH]XXT'3LJS8U,S8T$T]".-$ M&\=-G(2TGTW(8(LNFPUA&NY''<4$!_0-BDXL,1C/D]LJ\/)PFT+(DO>Y+8ZP MF#-*TKHNMSE.:\!?>?/0'E>2/N);RDY'E8SGF"#".:3%M_^I9TP$WL4WEY_> MMSTB^#M?T_VQ]5)="(!7:/!*\Q''`>T'#B@D*'G;XDC0/^.*A!M.@?8XL?J4 MDF8X1YP]Z2=I>TC.5.MMH`X3/7)-*PC"R-0T78N]<4W#UVWVJ%O$Z-)C<):; M[(1#3!]R+XTMCY-Z-^V&&]K?SM4=KQB1$^!)&)^+M(R"T;I0]69B=_$P2FCF MV+@Q#)+$-E!"H86N$<2>:0X2Q+%K"FA_8QF6*KH7=.O=HAT=KP-/1JDK84[' MI@P=',JV;X9;ADTN(J[ M%_!?OUW^'GR$5[>TK"D6>#+>7`US.N9L61,?>-&^F$AZ`3I9P9G;[!?F3AHH M9]A3BD44X4\YNI4+3&DA'!H@:J^J;XC%?\*ZO:>$8 M]AHVW'3K1)^;M&IX*)1V7)KG^+F(Y(_T2ZP)@EL0PE\NKZYP#'J=@$_PYO(Z M%D*FU!;@85&9L`NCSQ2'I)V4H!53"=9\!ATU7;)"KS1/,BM%1)!\D`EF1C/0 M0Q^&D>6[GA-X0>!9XX*`"Q.W9T98$)9+B1F5GA<'`<6P(D3O$_#A&WY.22WP MIIY38J68GE,ZR(B?T\_'PV'?'AJ;[K$$R;[\Z[*X*ZO'=O/M=!UP#%W+<33H M0E,S=#V(W&`L,M(-HD/518\I>4_\\V^?/GV$OZ*G,OC8/:?)Q^L_4":87-_\ M&MQ>7E]1QBK"L":+5M:`F2Y>F4K8Q2Q81C`1N(OVP.#R;JB5V'87\K7WN*!W_\NXL'RKS3+02]-TVB_CJH7V M/?PT7>!*[D.&5S"S_3=*DJ3&GXP,94)/1WJ#)`"+<@&0,`LSVS,H9AB,%31% MF(I9_%+,W*$-Q;8/V>Z(;VH+MMOCXQ%?H+1K]U)Q<5*5/61%C9ZHRV);/F8? MR[J^Q1<#W&9_-^$>UTG&?N0A3HQM%X6)T'*A[<2^8VA)I!GH3QI5B"99%MFA M6R\^)JR)`GTIPQ,50*<#>(>U>`_^;!4!6!/0JC(3=ZQC1<+@3R$#4@:%B]A. M3LS(!_I<++F0.15A[L74?1Y[+@HSL6>(\WJ[+^MCU57&'Y`4;2Q\D[4"MKV. MGQ_2*ON2UMENJ,0Y1 MMY2,HH->]JX;^`*TXG]HY0=C$=QJ*2@?X#-LLI`E%2&3I;0M5WEV97NB$GA_8AAT9@6'KPR"ZG^@TR2S=+TM.3;M''$N# M`@LD#VU^20D3&0G+0XB.2"G`D<*!3W"8X3$VO!3A(D;A2Q%3AC9:8::JDWC% M#G=O7:6/65P^IGFQ"6,O-D/-L"'T7=/Q3,T8(ZLP,*@.Q%M%0,D,A3>AFV]# M+-+)1+T*MHKA""-.U6U&QYF4YI(3.TJ`="Z,7-."BK#XNA@\#R[7-PC1N0_M M:#?9-C_D2(#1>^F>`6-?=P([LMTHL?5`]T;O9?O$-QI8N?^0!DX5H)V(E@VR5AXV%< M"?"Q<>Z`6%N.M2`!OQBL"\%+21*FU6&6AID`821B^'C8E]^R[-?L\4M6;0S7 MA%#3M2"T#.B9AN'HT3!FXCA$!4-"!EJ#F`<1P9^=D'Q40XLL"U-+!%4`8Z^+ M)P^%2\158/A,@2\;D3^%@9C0&=%3DMA9=9DE>"Z`.(F^3HM=G%?9%H%<]P+$ MEN[IKA\ZFFB!\ZU@6@?M!^3`=:T-1L M/<)^T'(<3]?&,4,S<3@6@N@&6L/I#"**(3M:9)E6B.2!*L"7K(LGU]*1/%P% MN@@*?!D7D)[`0+Z0Q(:>DBZ`59?YA24>@,A/+^[W;-O=A-`U[3A)\/D$46B' MMFWY_C!&;%H1U563-#\LF.DLF1D7,B\`2%F7H1 M)K`4J?-@D_WY0;WL`%`S0;^@'4/;TJ+$B$/3@%:D6:ZO#:,83O#:S0Z,O[K( M3%^GQHJX.HH1,L7F.ZWT+\QX)A"(TIRN[NX2*57@@P[P@,AR9N]N+5Z89C0:P6!L1[*WRC+%,I.DH'VH<$R\<2C7,"^GIJLQR6=-2B%(SD M&5#(3?MQ_6;.6.W&"2$\^2H+)1SZ>L:O(" M0[I+FQ3LLGI;Y5_PV:MI>['4W1Z?CH3^665HTE?(!/=ENJ_QA5$-"E?:^Z-* M]%F0M<]$WR6ZG;:3IJ?B:LX+IEZ!\P4B$V4$!:A,F"JE^#G*3V>3(B/#T6++ M=*$9!G;L!K87P9%#(4H(V0F-8I`U*(VYJ%``IMR\)@G;GY?97BU;%&<(==F- M19G7^8T9(N)EIIOQDOCV=MBAJL;4+#.(=#_28!S$D>>[8Z^08U@AX6H3VX_+ M8[23/-T5R/2)BYBUI[.XS"Q!\>&HR$H4IQ*ER*E%O2[5[P>U'-P=+(.C#@TF M9A*[+AK232S+]EQGC#ILW_#I5J78QEAF36K8RSP)1Y_2<"%)NAPE'T2FQ:C5 M\:-=AY*/XT\0,,U`.;N>Q0>^`D&2$#6^6\L2`0L/Y_>1F*['6F`8@>O93F)! MT[&U<<,/O4W+)S/T2H!3&_HNCR.T!)*#Y\_J`V819C`'4 M]0.TBKSN"9B@(?(%^`2.M/B&YEQ[9P)2N4O-^XPCLFS7!1A?E":E M\+E'N_7S4.X13C=9$&* M/-_\$@0-&;^3'][\TD%[859D=WGS2U4>#[=#%4*0Q%H<.J9K&+YN)Z&IAW`0 MU4L,C]@SK"2?;)]">:[[_+'NO8:@59'Q4+G5)@*!2WL#?4`8G!&P#(L3SNF_R`PMXG$&\.,("%-6#B&D,PV2#+PW9/# MM,'$`^/K6_?/ON1OA6 MJN%HE+JI6C=77SG#3`QW0483R@: MP0`M&@##`7H\+D"/".@@`>_^&_2PX$U%@,$`>0$Z:-I_UN]%+LRN;TD12_;K M:R%[D?^?J;C$5!2XJ["^-@N5/KZ]J2ED^T*Z?5DW/-29>`IDKF\)+9I-%87$ M%A\A?Q>WG]?J]J35IZS"!PN6=[U&2.&FW&Z/597MRN(>#=#LTB;;!+%K^HEA MHO]&MA4D812:@U*F;Q*OOZJOB4KQ\;E3NV:8__8)\_>`X#+-@?(Q)F``!:!! M6UAPX5XF(1Y9<3:*BXS?QD24&!C_,P<9YZ#XD/AMS,4%(F(EYJ3(8%B:93EC MX?5GW!L*A14`BR$25D!JRGJD_MZVSUGU-=]F+^BY;Z<,>G5]=Y-MR_LB_P]2 M,ZOR$GVN;NHH/>1-NL?O!H_EL6@V7F@X?ASZT`Z\P,?7OT5C^91OND1KP&O+ M*#MXQ?V7YZHGMUAF$_>M(,=*J!5K<+,-$.=.HM70(FQTAS-60K3PM%=CE7A^%Y M%=O:\I"O]O3^-;T?6I/J7[!/S7;]$E10%,=TOT`;4K"1V M'<.P;-\-X.AO-2L*2==H9(TOV3F=Q,:45+>"=X$\(I\ATD][V2>+WH=.?(KD M4YJ!7E^V4,$V=$[E!S`+>2:O@GG8\N\$G[G1F>>5YML^.4Z[I!OE!MA4$Q/C M=YH2L63?23/:N$8#W+?=4FBL]@5^&WVC/^NCFP1X"J3;+7)0[>%/?^7-0_N3 MZ%?2+_N\?IA,FWIH14^;2);KZ8[KFY9AA<%XMI4;!C2II:`A)3OC43B= M,2'[=`BIUF'=3E9CRBB0*[\5I&@VDA416?U8-?V[U2B$KAT8D1L:CJ%9N@F3 M8+S=``:FIGJL2JC&3Q6K=IB\A8"!=!*J&ZM*F']O.5;]\::>^K&JA"G($:MV MTOP3JSZUCF*Q*N64^8EC55JD%(A5F8R[=JS:;:5=WW6:]!MHZ`/-'_E^?XT+ M.J^+5ML85W-JOJX;@0:=.+0CPX9Q&(]QN!,'K@)1JUB%?L1&H)[^G]2]_X7` MZ8K?Y75CJ&+3=:/:]>;G&^@/^NFGIA)1[WI3E#W^/9RK,.MBW[:RJ(M]<0U1 M/\=.=?]ETA M>'U;AMUMA&,A6=?GOPD=SPU,/3;=P'6,,+%]31M$1E$^E![U"I)3A6`VG(D8 MP*!G]Y$:W)8@[.]419]]>HK)$NY?U/R0&'"N,#4DQ)$_Y:Q8(-9;87:P5YX? M!CN_6(#>W<\P$]5=@.'RJ-X\F'\,QG*KN[SKUTBE(%L:,S#_]AG]^D>5-A\ M6!WTS:]9U4R5+7O5+MJ7&=(#_W%X#]]Q@?3"JUG-/FL_CO^\3>L'<*C*;99U M]V[6Q^T#TG*_6CA,-H-%1[F"GYNW'+R*AD)$3"K%//*/0[XJ^YCYNYBZ[U_8 M:!!)YWFN9=HF=`S#U?0Q.`X2NO;S%<5<9-?_3)4[^<%Y^'CS3LDSJU07H%>4 MLBUAS8E!ULKP1N8$RT[\JM-!K2.W7S763,>%`C-$D2X-%9`0=72W:./(]Y6O M+CL-6[#=YNL?&7;YV2Y`87!ZGXW+34F:5[^G^V.V<3TK@%&0A#XT?<\+M"0: M@X'$<(B:0]Z>5I(]\2_CP ME-_3?)T4NZOTU[_R_=U=L>&WO[(?'#=_&1#L)RA&R'6)CP(76;@[_X=8B=`& MD58`4Q3D975,QUVV68.;@JEO^@L4UYO\MD(H>^R;'C=(Q.4Y/3`@A):`XZV( M9XA!#W+ULU.;,',$-TEF+\4A78XR*61HL_&8NNLE5&A#OU/Y]GP7OJ[+@D'Y M[:99X:U:"3#!%"Z9R!;3D_?!<_B>\-]6A.*Q\3!\>-L_MQ]=YN=H4/!2VK[GL\A7_ MY7VVORO6Q::X?1ZYW2E&^HE=2\4>,V#S4;5%A;;I;^H\\M^5%L-BSX M\O]HF?C83OS`M3QD4QI%(?&[6V42!X6S+SP-0OT15IV#O+U+(M&HR:=26F^@>Q,MORCP(DFJ78M`LN81CXS(H$AB>/0M:`5 M'=X%=$.TK!.6W_?I;C_WUI,L=AG9?FVFL(+_8]MFWDRHL]M\NVV.BVTR/;ZS M5*?HYFPG24\"8Z*V!L^_FX#]\>)R;=>\(5ER1OUUHK$L,=,'XD&N,R`&O]Q( M6B(OBI$;(Q)AST:.C6S9FIQT'2<7.^G\`*\ILLYV]8 ME4N46##Q'`=35I:3$!(:N=UE1]`BRVUVR]?=KV9]54$&L9#>AK7>OC%.YA4W MCFB>D*K(M;.]9:#*J-E\FJS5&.,R#&OEZ)IE8":13!P(M0$A$[ M05Y7+ONAXS:;J?%V/7>$E44NOY7:&CEH(S7;KF6W4-^9;)JX!R8Z"3Z\<`XF M9K8],#G7";6X7WS!"5\S>.EJOR0>]%&8N,AFHUK81S#JWLP.`L<1Z+E6-YB^ M9%'L;4SP1POU3".=3K+%&Z_G(7U0[_7KV2K2XBQLWHDN9_7T&-#HK,&H0N>, M,B_7N_SB)TV2"$41X7LFKD-]ZGI!MVL2^+&1/77CS3*CW<[`TQM43IVYEVYF MFB^F+NOTFO3^8H6L;=?/TKU/V*.1L^HI(M<,-R#UD3YY@R94%B1\& M=HR)BQ"D2??",_:CT,R.PO%V3==R*))EO#-!_XBG[XA.F`\O[=J(,_;T'3G7 M&R#RO6Z#R]9!B]`@@FX8XQABWPN3..[:$3"-S#@K4*E),N(^Y/"*0_.;@26D MVLDQ=Q$YV[PPM8SL$?*7*R1E)L,L28>6V?KA,PX]K$V6;FATN@&YQLO&B\L& M)I!2.W&M$,'`BB!!V.HZ,Q*:0#/2#=56:+4J M'JLK([_OBBW[XZHRJL3;-;GC)I:?M_W/Y-M5_K#)RJZ5*_8HC1%T@XB2($A\ M9%$[]&R81$D<1I%H\C\%%'UI.T,/#M#`2_S599:-!3S??O'!U@BAQE$M@JN` M^3-Z.:5?#9&[24TNYGN,9#/)U5VV?MQDWVY&@+S*?NTC1O:?2\_%@6.S9#=V M+3?VB.?%08O2I8$OV>4P+3CMK0H_LE6U)'!*DV37FB;VG>""D;E.DUSU:0SA M";B*4'*5\FNJN66@,FWR0WV5.N9<-C[/##`DT,QE_>L,>4XG#`@_)S+ZU3Y_ M8@E[]>P"YHV*WQ_O[]/=GD*+04(@1AKYG>7'H0(1J6!`&3DCD2@3=:+37!+_O&8Q/T1N9D!1J[5X14VR3 MW"$GW0?D7+Q?[/(VX$&%?G%LEY=G][.)^$C.SZCY5-XT1-8G,[>8YZ&1%/KH MLCQM`G!BTL MT,-O1\>K_'O,RKT:/GGM_J_*YI>_; M$#E.0I%%`X1HZ-NTQ<$O,AY6ZRH:7'>5VZNGNF>R#WG!VZYZ/VA**M%C/O0Y M1;;`G<$?PTM;1:[07-**42I4S"KVCB&:JL^^DP6L%B*E,YK>>/A77BZA%4#H M19X;QA&V'10&I!LN2#"2D=BA8VA6TF./+$MH&#)9K1Q,HEQ&J)._@%_W&49+>[3?+ND%'DX834B2),G#%4H?O^.U2HK:R73K!6.2"C:, M;8.U;*!!`JHVABJA(RE_Y.O;C+`A_J0YJYSSZT<^+LFV3!@^?_Y,BDVQ2]<% MV15ER>_5?O.A=+O^D=X7V_3MKQK4D,FRY\#$01["V+8]$G2J',:!D#@:`E6S MLE86@LI$T,<(:I"`6;D`K9V@-?3H1_FN<6WLL5]+:K0A[`L<>FH`2GW18;+I M(1O##6%>XIQ6`]#*S)-!![P:-5]$3I?5[Y0CB8IAL\&`\VQ-8J,P\I&5K!^3 M?)OOLR_Y$W_U<,^>T/QZD^&RS/9E]/Q;^N]B1S8IR_MX"4L10@%%)(%6'"$: MN[`]8XE2+T)8II)4.:[FS*=)=->@QORI`@T.J$$-FZ]15\!!A7S8"IA2=XC5 MG'-Y0BZ_4,N]EE)4@L@S1:D.=QA2GFHQK=`_F]5)Z@'`U_2^K9P#3%P+.Y`F M@6NYKA/:Q&EA4(_$BF1UT-B:I?7\4[UX\4QSU$,7\)2[9+2T:O>&2GD=Y(BI M-?88H\-T=I1OS-?:<>:)ZZT"&H4U]TN6EEG99FJ?M]\WZ2K[+:LNR[$<3!,O M=CW(_A=:CN/BN!T28BR5MHX91[.6UM"Z%?GUIWS[J8('_J@!RHKF*$[%!'(J M.N7$<`R36E3O#$UG%$X%N8:HF1)3"O5S3V(S(\HVQ<_[=/=GMM_PD9N10FA% MV,$P#J'O6ZZ7P*3;-G$A]D0W(`9^O>[M6(X*U+!`A4M6C,90=WE)?@+6)#=9 M9R5,?(UZ`N*&K2L?(3`_I+/2^GUT+?BX\2?6;T:)8<%:ER@!C8T M#1S,HE@*.`6!_*^\)^\'F?W9=+ MUR6(6H'MA+Z-"+42BKQN3#\.1C;DB0\T2U\PAPWF]2+>,K!#/T$4 M)L0CGIO@R'6Z39+00U+MPR.'TITS]="![!=_5S;C9YV\*2-D#],:R[!@(C4= MN9+Y5)_7XN;M]L+42=59HL[E5FH8-D3`5%GS.M-229)8FS!?)-A\WJZ*^XS] M_XX_K32K_YT4NY>`7JWW5D$UEB)\MM=LO? MG+^\(CUEO`[J<`+I?YVTVV`L(^#>@.D,JBGX**A<'K'2O3; MFNK@82N@^/9V5SWA(+WGI^[QD-M;`DVY#O-?'3R]RU;%[3;_#S_0C9\X"=+U MOQ_+?77'R+YH'^2\GCGKQQUOQ-W?9C#- M)=!5==[CJB@KU7C8%>P1W^L^)F46+G`VYWCQ:2T M`0<.Z!:@PC=Q"72)KC-%D#*F#2F#U-E3:)J2X\_6^M$%^,]K!BF_R=.N(FME M%V_77]B/\TW.'WCV.Y9ZK+_7"O#,%'F[9Y_@5UP\<*N6U$N032,_MHAO(4)M M%'5]7"3T["&+V/,BUK^ZU"1C^X/(IIMJ_K/$J\JSV(^SP8NP,%$T+>Q?96A*[IXL=VS$S2&+D!KZ@)4QBZJ3W;VSG^` MG'H?"NPIF#&'#`EJAI%R^6R\V5TFUL-W#OA+L%_8,[GT*+(B:(<11)85$0<[ M?@+^\ZC.#3#_&O`XK7V;F7J+)<$8?#%M[ MN[KKK[KQ6?YJ<8T_$_PSO6W\-7LH1JZA21)UJE-1$]T&K(1I,ZW0/UMG+/_Z MRV]^D'B6:U,'.C3V;.)[R.YZ-%TT6\$G@U%SW.MM;*==$E^6Q2JOXM[/?'_7 M+:1Q)?C!"[ZX*OAFK/*DG#Q]7:?+OT94NYQZ.5"3OR:JVH;,D`]8IPVB M06-E-MPM0K482+JBF8U).V0TB4;PRFH[,8770"%)%ZIVS MYI^H;M109D`MH\B00O5L&E^G]+J>^_?3+./`PHX3Q0D)26!%-`Y1]Y(&*Z"$ MWI'5,*SN5;0#K$^[YIHHOI)6MKW)LGOQ*AD?7`=,0;:*U+[_HL6+2[KF3\U/ M4"B7;8_U@[D)]&C++N?$:L@32G-_*W;[V_0V*],ZJ^9=>-MMMN)C\P6%=CVA MN.';Q_7N\4VZRNI5R"5OMDZ@;=LHL1S;C7`8=P<9A*$G=,//!#`T2VF''C3P M^57:!P/>KLSTMN(7@-O1K.I*Y(*Z'7" MIFXW&!`MM9M83#>K96^=Y6&8S_!O-]6%\W?%AA%=\D:\_7-WY2UT`B>)XP#; ML1>'L6,%D%0724<4(/L10Y#/P@<@+BM2-Z3B3U2MN(831GH4H^C3V!?B>[L[VS"NG5E3G)F%55MR$"9U3Y@9IVVBZC1&T\9:\43%% MY`A+%RGN67I3C4OSIWR=;=?E]VSW^QV;6S1;;=B_UDN$;`_2V&9)C!\B:KM< M/9NQ?2N4NEE9R8"ZNSTJC&#=X@/K!ACXQ-_$!R4'"_Z6LX\4&_:+\O#3OTOJ MFQK^Q91NM:74`Q_?J[(UJ[/)K]K/Z%;]DVK.H38@=.\3')+8L-FXS>A!B M=_F4[:X+J=1N_*`R#V@1@AJB*#&N*BEDLDFPUE_8NI&"C'V M+N6(ZN@W1#%56W4L=U1-FM#632L*K/2N!OMVT]/O;]6Z6!G_RG:KO&2R'2+; M#V`4NI[GV#B&KAV'+0`7B_=)J!U51W,WAQZ!KB25G]O_5-]29U=U':.?*=3 MBLH3&R]ZW&'`=HLFPPK=,UEEUM_6(#^R?/N4U?/"P$=[FUNPG!67!)`Y27R6TL$$?=W7: MC4E5PRERAQ81HYWU'FJ*\4;*E!B**!6J./Z5[^_NLLWZ2,"X*GYGB4EY\WR5 M_JH^5FS6#.FWZTU^6V4LY>S37U6G:F,T*`Y6 M'^MGY:G@4VU]W=+:VE]_LT3R;I)#!&HND^#J"UK=Q*F1\,.Q^SL#X*H`C:V` M&0MZUH*>N?P<[8/!U:=`8S+_QH/1S;?6@[W7N2->-IH$>\JB\V<[JU[+1:M/ M/3WJ:Q%_J?:,V(RL/"?TQHFZU<3Y8$#5:R0MA=F/L63%_8W%\5WO+(M_;%?\ M`O/\)L_67=>#[T484T1C!P>1CVV<8+\>VV<_6FY<1(A*TH0 MC&P_L"V$NO$<]B.I%L:A@^AN8&QP@74-3'I[>C!Y@BM/4_`FN;C44M9@ZO3K M>>J%HQ/.^>TE2X2B,`IL'[H6\6P_ M\5&(VB&HC84VAH=\KV9I^;[+JN-YJEY=?CQ=447[=7:3[7;5&[L2MW8-XDU, M8G11)JZ`RPKHBRO3!]X1IX[J MRRN7L[`L*3QB!%^\1$@CS^*K?+/P/?`./46\BRRWB=)R8JU,.:L&+'2IMZG0 M.`VE(@F;C8_5B5']R^\$("TM&GB)&WH!B5P/.C`.W*A%D\2A\%T2&B%HCS8= M\I&FH4%.F[O$XMY0[DY& M0NW.,"(VZK>RF'2&JZW$OF:L!@QP;)/0#0EB-:#C1G%LMR-'-A(Z,%;A<&94 M8?S=FWT=*X\_]VK+!R$_*"G25+M`4XG&8,[`L-+R3#73FHNSLXPK*LW8&,,+ M,QD^C0@]:BV2*\KDR1)>\&>C9+R)Y@?31'X8>L)`_&^VOLVZK0:\3])\]\]T M\Y@MH>V%090P\D)*(^2Y`76ZK4X/NC);`FI'UAQH6K!@QZ^H+7^F#V!SV!:6 MW"Q0S+G8=L)\=,L%E8YI#A14MREPJ*#">MC3Y$>_<;B@PCOQSH04EV?V+O3X MQ)#=#4W&%5-,:[ES4OEVXC[;IMM]?O^P*YZJ-:HP4]N.`E M7KDC-I70?CD-GY+JH2>;&DNOU(&E4],\^'S2L70+GD,JP,>)!%PQF08DX*HM M*K3-O)%MM^1QQSM3ED[H)`[V46(A.TI(Y"&6^S?#01])G?$U=`S-277=9CL\ MCQY,G5C&/`5K1LM@L5FZB>TZ M8422!%N)%04$.T$WCINP@IY?8S],92Y^N92\=#B&/RW@$ZB^9J3,7"9MF+XH MY6NDL,RL)Q)"(LR:H0HBCO^"=$@2(:P9-+O>T[Q<;8KR<9=U;SV$)(`4^9'M M4`]Z-H8VJ8]N)M#!<7BI"VWDM^M[%#@@<$`TW[L^QYDY\V2,I-*0YV.L%872 M^27YK+37^'PM]EGY/7WF)T,?1K_*?NTC9NN?RR#VJ(N#&%,_"$+B\]/?NN'9 MO^3.J5$UJLQ#->@,`AI'5Y+!5QFC8G(T!Y5R^M0B!!5$T&!\H5@<)JAP3JU9 M@O2=$3'5#C!$U92;5>B=M](YPBY_2O?Y4W;%1UX2)X3(A9#Z41PFV'$HW5(]KLU+UH^+N>4YVQ?Y3_"LOE[X3DM"*(/9BY-F^YU-L ML[%B[%B88BIUP_F@`33K!U@^O_<74MS MW#:V_BMG0W#AXD/559.++%<\X'X#L/'``LZ:2%B6!M-&3",(HB9N&87C=3EE$%48]G M'.!G@VDN0C<)U_1:`-@&B.9"^09JQ07&T0)%F7/^J!IY14-Q(\7]6LCKS:Y# MAG$0DCQGA"&?LI!3U(O*>!#R'$(X.M]WS#:C2MV2\?[LM8+RC!9P:B3C&C,8 MPX#A=BOY693UM4H^$M+ M:!_K5;47'B5YBOR((<'2-/&IP'&^3]#2%&&D>LK'GD3'G+-7]!>IJ;=7U3NL M+*FL)[6%LI%EV,_STWR(PQCK!P%;O;=P'M#UV@LM@J_29J@,S8E.0_O0+J#9 MT(%1M.'FU87>9_AMLO,>91F(0JR2,1IGH6,7'H,S$./8F+\^82/V\@X*PXIP-3"][C0GAA+F*A2$)>*YI.D3U_(`9LDK/ M+)V%X`3?6\)M`21ORY+:^J2R0N?[LD>.21H$Q&=9BDB:^ABGR2`S\%EL3NB* M@N:E=%@MU`ZR)K3N`%2KQ#X'GC;(W0&N>O0^(-@]:#`GUY\L,EL%, MJ2#'G/\_B>_M%?0\.Z&M4)\RAO4SZDZ(*(_TE`@JXQ65*8/58WQA@I:M; M+N!P@NNMP;<`KK=G2^U@?D&X/HY.R"S^*M9/N^*FK.2.SUX#(O4P3G[4I M!6&9+]"@01)EZK.@# M?,I\HZ#I8:R/AI++`<%TR@&YP7H)[LB19;7SB0IP5;R\N]\]7]C1D%=*"T18 MS@4.>8@$]@\N,DV9^N.M5L1!UJ/6B:=>2]N;J':@ONR#)L<8YGF6#*ZZBYD< M9#W'8@5L%5^B@L<)#V(5R@7X#;OVU([F'"2=(1=2*$1%S'U"$6[_E!(_]O/A MY$DJ!/*5$QA30:Y3%F*]TF(,K4).,B6JP"QD@8`"THPI@=5,+$P!5LHC+N!P M*G.P!=\".-^>+;6#^07A>G0J(]G+Q%F>,<2XR"/&4!!Q'L3CUD@4*K7)6Q'D MFNO1V919+$:1K&#$5L$$HSK-R'9"YIULV(QF[Y6QE=D_T& M%\#:W&*8"U,;NP@NL'6Q<:""L=E&0:.Y-P!%<`FT;\\8I1T`/8@@1];$F;,, M[^\_H(Q@ZLNS_R+),2=1Z`^J9'F$@0?8K,MW["2&0S[BTB$?&[NGSL;HLE-9 MPO#`7,U_Q\B`C\;-.D)F!^5LB>-Y'30@>S`WIX.;D M)L#WD7F'Q"Q!N9#[`$VMJ*W.+V.VV1\OYR20]Q!F/$"!'\6(9E0,\O*4@!YD MUQ8R!^/H76ZLCZ,NZSB`T`+OS'._\2ET0-P#!'2Q[`.UXR+_:`$#>.&E%U3< M9,U>]H>JV6V[,'\?:OFA3[(@"T0[_AG#C/HQ'D3'`B6P5U_,Y3GFI8.*WJKQ MAG5VT%+W9F0K4*OQU=0HPZC+`L".WI>YB-H92K.)^4+8S:I);]ZFL0V7,N?1 M53L=U\7G^Z+8?908#U%>[M,$\303.4L0BR(49F,C3<@2T/-6VD(+Z]3 MS!LTTTOU](%4H[%),(1QER9\3OCJ%#QG2,H8T84PD[D=M>6I9H&#]I$>YG$2 MHSC!-`GE_?-11,;*%@M]T+LV!F)FXB&]!-`$3GTNOTX!,C7+F::(25CD2"TC*M%`$,`G;L'3 M(148;NZ8Y0TRE^A%'\HE<8R!%>\1C2DH&F^3'^I&G\KF_[NL#8L$M41&A$A] M1J*4IW2\!RWC2.@]5*XAR'FM>GR3^ZA^*K73J^B8@:I:G)X(3VA5^CTH9RGL MG$/H;`7:`K`+H28[MIQ\#]T8(`V:8G6UVZ[6QX^7AD&"1!2'-,="%4 MHZ,)T(,1D19P3GCH?6C.,)`AE@OA'E,K:JL33#LL^EA6Q8==\=!<^S3*HQQ3 M2OR`HB2@$1D3Q1@G(++1^?YT0="?4BFOTTH_]`$`!XUXW&"F'>BHP>4XQADQ M40IMX`@NA%6,3#@9R.C"H72\\;YY;IT(.QRP*`4S_Z-PV`>H?[-(%4 M.;=WTNQW&-@.3`LX>V?!B-KFS%'DX;+ZUG[^B/%_J^4T6FVRA_JIVEVG-**Y MW_X7<1I&:9@FF(^;`)3Z:D?)3:5`EH/6GNEY=_57J^VU^MM(SC2'@N#8'.*8;`8@RYU!"Q$K5.,A(-@5FM$ MC.+<$T!!PU]3O)<<%1O;IA(LVP%0R7T-=UZ\=)19T]3K4AZ6^E[N[E]7:@_N M];H5SP46*"%4Q%'``IJ,43V/0JI^8Y-C19Q'XH=;95['Y`<;/&G$JP"]V\@X M&`+@6M=#=]GW+6C,8)[POV^PU-WD@@9-SVDZ'SP5'VJ&X@F/.M'0+,"_3F5I M/?F\-^B#8*OF7FSJ[_)X1"%84(2'M.0^VF:(C+> MTY@P!FIKMR=UTFX)J:HG=>T.\1?#\9#5SI,*>YW&!DT4AOC#^RJF@]ZDU>)= MU%5!=]Z`<19#Q9X,.^.PD`U5!X:=Z=RP"9TY:0Z'`9Z/E0@3[K/9VFJEJ.XD>T\+1F77?QS])TW[V#L;)6W/[$W4O[//DO[OR1@.]O8577FNC MA>-![N>!6B"W^"F@N_OYIC_V*NP"?!9*>;3`=*J2=OAGFQ$%MA+*/YZ;/^RN$Y"PM(8BX0E$8IS3DDRZLE\-:-,B+-K,,^^7B_N)''.;?C`>[W+NV3><* M?\0Q![QUM/2QU]LYF',.*+V=Y`#V$UL-LX[P`C8@YK6_7LA2`T0G+PM]G=*\ MV94/4KDO-2T^'>G^I1ZJ"+Q7Z$,;,_VU0_C7NMK=-]>L#9J0[%_P&<*8"4P/ M9S)(&"O=-C^U3HYC$?:J,K?JJ:JEF*_%2Z)J?S06]?:FR&RL:HWQ$/8>.G-T M3GQ-/LJ78Y"E#C`L]#@QML5@R8E1?NU;WH[R4@=6/=!8Z@#KQ1-U-\4)=V8Y1]B].]%L)+,MR&L1!3ABG88)9 MX`?CQ<=1I'09NGVI4_4W'-YE?;U'MSNH?&EOSO4(7';8\X&OV>'P0^"N[D_G MPU_/8]H=!Q5G"$+HA+MS@_("')HCPVK7$Q2XO?QYW4ZMITWQK]M/Q6K3NLQ6 MF=^W]6.QE9T07U9?-\5U$&4(<^$'OI\&6>LG]VBD+O#[&"M=J.[-0PPUR.#82=[(\JP'9FN],FZ`O9 MO;1J4NUNC@)9[U,[&XO^C9',3VG+HAEJ/\_\*"$,#P)PGH"N@53_JF,&ZQ31 MNX46@(P:$[D!!<8W:G@X8931_#.\`8=H(>R@H7AM.CMT5OKPIAGC@<`YIS'. MHH!&5,1D))-8^."UKOC=:5:[WG6N('P`*]X!-%IK?I[K68\@N+3N@4`M:>5# M57]O[6N9K[SZ?RVK\N'I82\$"Q:%,0T2G&,_R^*8!?$@)$@2T,WTL"\[9H"] M,KJWIP)14F,!=P#!>$`=&R=,\`*&,UR@!]="V$!3^=K&C($RPNJO(R%4T#@, MT[!K$D`I0Q2'@Q"69S&($4!?=LT(O3+:C`!#29$1G`$$9`1E;-PPPC$,YQA! M"ZZE,(*>\J\9P0`"94;8EQR>?V\GR2ZK;OB_G\I'6;ZGS_+N]RXY$7[`@S1F M+"59F"8_885+SR.B6]577CC6I>[9^/T*DN6,%:C6VF MAAG&0380=L)."K"=X2R;H"^$R:R:5+N;H[98[^B]BSS%:18@WC(MRUB`\C9# M&T1'(5+J3;0I;PFLIU=EL8*V(>\Y`MH![\U3LU$`3H?Y-&!?.O/IF*3*?-IP MJ3___E1N;LKJ;A]5!B0@"`>4,9'&)`PCPI.Q\I0*4`H(_+1C/ANTT4T"H4"I M\9-#C&!4!(#'S9/M+X`X0RV:B"V$172U?_TGW M=L')N[$&IAH$8Y\3S#A!B(@L#@6)QR14Q$B]-=.*-,<,6.9! M$\8U+X"4,<^@X=#R\CPCO("6RLEAUFREM`&W4@>E"B#O4+M],)?0,6G7H-K5 MO(-V$+S3G/1Q?%-)8$Q\[,=A$";GH5S2)WK8K""\$*B54O&O.YTL`B1>87OCZ:X?=I\ M+&^+-HSF,4.XY@ MMEK?4T)XVNK>`3:=ZIX&Z`MA.JLFJ5;WM.%29CU6-[M_W7XNMM_*=='DQ>.V MD'=:R\Q&7D^5$A(DG/L9$81ED3_N'S,$(CL#,8XY[EB7\5*$O'\Q97=?R%1( M_1T;&ZBJT=I$@,+83"HESZ@,:EUYQXI-S&"G$3I#7!9@70A?V;"DMC[GM'/) M#]WS;'U&^U6^=[/>7?L\3S)$<$18G.,4)W$Z-L$B@D#G[,PDS9)+:J>/6EA" MTT?7,.JGCT>:=7>*>G\."LZ70KZ#EE(*:8+R0HC*DC$G4TASB)3IZF,;OE]3 MD68Q8H+';:R&>,`#$HW;L&WN"F$EI0\Z)A^I`Y!JU'!08Q3K$,"(X[SU3EA! MBCRS^$&`+&2-PW2N#68`^#F(@1R&#=,V_1K^>%Q&O\81PXD?1T2$:40XS;$X MY%^84M@;.K:D3M42(>L27X?_*8\T!+^98PUO-?J8!VK@;N>HH_<"\/%_/B@! M[NAY#47\SC"6_3%8"*TY,.S-DQINH%,FR"]%M:IV+R0A&D4T)XAGF+"$I&&2 MCR>-,H1!=2&-SSNFO%ZC;OWUU_@:L)T.>&JTYA@W&'_M(9N1I=["<8:.#+!; M".^86%!;FTC@AWF^%9NZ*VM_J'[?UNNB::Z#.&:"$932R/>I3R/&QYY51%,& M>V!+2P1D76B]HW6D%?@-&QW(U!C$.58P#CE21]YANE=H\N=>WF)RADB,(%P( ME9C9\.:Y%&-`C$K#PSY:MI.EZFL_"I(LSXD@82)H$`4K3;Z M]6&@.%#@,FH&*W$6?8E31B\W1ROJT6;1&(JR?N78(<`VRL=C=^25?`%1JKB` M^O%+S(!%9$W`%\)E-BU2*"<;@66'YPZ//+S8C?-1FL1Q$`=<8)*3V&?Q&,&A MA*#KJKB3OV2!^C0U4%JJ:;]4CY55K]NVKN?%FRPW2CO1TPV!!59TB;T;FCQ2 M><[6``U4=8G4<(Q^!&8U-1%"M5;@M,*]\B4_E*4\HR'U8Q+Y$1((!>,=?)$O M$EL!IHJLZ:++*Z\"O\9JC*0Y7=H&T3(U3O^XZ06P-!D/`O,/P&X@/'#;9J/#8EK#`>.T;TRCM6;KXVJ@MHG2$R6S@O MA,BLF5.[F8[@'8/;8KLM;F1ZW7PL5DU9W?US6S?-M4]Q&/H\]3GF82"BB*%L M$$@$!5&8OA37C5>]+MY:*N;]]+@MJW7YN-ILGN73H@]E.PIUU?P,WE/0!E5U M8V$*/*&["[U.79&NY:V]6E=>I]CDNPPG`#J[U6`*ZD(HRH(A;S8=[$!C1$M' MB6GV()]Z_[M/3%&$_)2'(N1^B/*<4L%&%0)*Q%")^V+&5[KB-R#TR0!'(B:9CL6"6-#9-@3?M MP&?$I#(Q3C@/8T0"FH6"IBE.HIB-Q)VD'%)7TY7AN)ZF&-QUM3;)DZL3'&J! M,I40UZ='VV!;HL+IZVTGP`$R'`3.!;,9R`P%YH+#HG3)V2#J4U'M/A7KHOPF MG]EJ]O%EQ&."B1]2%,0X8WY.!E9,K8==01GE'BEW,/2TCJ'YKV61(ZEU6]N6^\/:^L/Q6 M>#?E;:MNT1*1][78?2^*JCNV+V?J:N,]KIX?]G/VWT^E'(>OS]ZJRSH*;W6W M+;J>UZY?ZNBW6E]\L//K8V]L9_ZQYVE/)W92OV<;5K%VHE MVR"_WY?K>^^IZ73Y6E3%;;GSVD_<;5>5C`3:G[;,;7^UEK0*5-L'P;%WGRTA;'_>=-(L[?=GXKBJOU\(\6U M.FV>_V%V6]RYB?B.U[0V=Q=P-YP=.VK+BQK@.+/-IOZ^:NT4]3:OG[[N;I\V M;78AWYEO#O('[_*Q7452,_:TE4OP.A6YO(V.".S3@$5I+F(Q*.3'-`"43=PK M,U$19;#!NY6K?F^%S`LZ,R0M-;9\M>/!N^S,%S!@6M[^,$BMXMZ@N3>H?N3_ MO4%Y3VK?1P=[_95<_>]W)WWSK6NOW7S\5JZ_U4]^ZTJK3ZV[WFRD?VVE&[I7HS$[X7^GF0<+<-`3 M&5I/O<0T*WBOP@J9C4>$A2)*(HX$3A/*&*5\D)AD)-`IXFF(<5S'.Y\?'\IW MY[VW9A5/!W58(<\QX-9RZ?FJ>6\14BCH&<"ZL)J>B24GRGK&X"BSUUOZ[/*A M@3,I"U'HI*0Y`=U4;BG)XT\F( M+(5*W1CWFED=0F@0&,HH5/`L2Q,21GY..(VB&!-_$(8R3"`9K9X$Q\GL.V&@ MHPQ6$V#=*-$VMA:"P^DSUG=A`06"$!B70EIF1EP,^^"0*).0**MR5WR4N[L? MJET[H63-MSN%D:W[S>P/U>^;U;J0+3!%_NE]4OCU*M_0Y_.>H.)2CKX*M1UYRXPTBMU_273E7OH&M_-$QV M&O?J_M*.2*>PUVL\,>\ZOQ-VE`WZS'3&'DWW#+ZOUS8GE*N?CPR4XHIR< M&2V1D!"'S*4N9OWR!XD`RVR+F,9@?./DW1E05R:/\=X:/4].UE&*D^7MQCI: MD1RM78KZ-J"/#PIIDM-VD;9Y<[*N4IT\L\)*UTV,?A\Q7]3A=(>)M(K<2^O] MR67=8VV$?QV8_A^M;UJ%U.6G8?]%&U^??LV*757"L_YPD?5^[6G8>_W4BP.X MCO6O(@"SYYKT/O^2 M_IAL?T]WIY`6+&*8.*Y7.A2(VAXEA/5'U1P1%[JL'6-KJEW"I,)H/=<@M:Q5 M1Q$L/^%.Q:WBQ#HO6N&3Y%3T_FM,AIKFM`'2WYF[='37C.8H+RY:A1=-RJC-:S93UIN[K7RJ:S*YELJFRN1ZW^?ZESNUZ3.O$\?MT MF539WN47W^KTKR)[SM;)]L9*L^8#==IUMK4VR6Z_;=+"NV_MZY>K]@?:)+-\ M4S3-63:Y::.G;-7>OSB3&W^=9C'!FV]E/ND8U;`$'5X+GCQ,;"AK[B7UE>UT':2XUJT!6PWB-K3%P.ZQYOX8 MOR2>KE_^-1;)[P[2[ZV[??G`%MMS\JVJR++>KVH?H`-:%-GCILD!KRU7V>.[ MYM+-;;IN)OJG[*6H=Z#3K_7O-VUNQ2-9_;9O;QQ8=E70N](N)S:JZ-Y&>`PM M\,=L5YMY'6?A(QAMH,2V@$XJP>GC<;:I0LOK@FY-21HGXH%#0AIBS&U*A8T/ M.Q,,LTBEPC?LX;W&WX& M(DC'@&DZKN MV>GF4X]?=[V:/B?<`'TZ")LST:O1S9#PY^"T2.M0-1@+NEDU"]FC+/%\4^R? MT^WA(KY%2!$*<%6-@SE(.$+$?I@D6TZRKL0R3,5JD/4&7+L;?*X24`OXQCJZ#G1BC9,GGEK%'\E+>X`_\7"5IFQ@ MM.JG?2:#U4##V`JB=<#87_N;[*P*IU4#O:(@#M`G M*8,I//]J)[I MF(0)VXQ(E`_%F8Y,M9";$:3*A)$,-O]"N(@>RF80%J*I(;GNMPF@W8?U[4-% MU9=TG;]4+UFV>=@FQ6Z[7U:!S/5.^B(*:>@'U"68\8`SX:,8!SRVJ>`(86;+ M*KE.FX9U_>A&F+JNX@&L]1HMZ(!5._'O:_ZU.(?-`/\D=,O/#M>B76VNT$:_ MS,P!H.;"/&*"W!G,*D::E9M])X';)G_.\]4?V7J]((PPUPETT([[ M;9G0C3!D7T3ZH8;GC`X'<)]#GA.YC0PC=,#D_'TFC.Q!=&8'-AG`Y,QD%P&. M.Q_Y5@!']J=M^I)D*]'<5DHWJX]58ERS#;$0@G'&?>S3(*"Q"$+/[A*8:,RI M5#$++88,*T"+K;NSM3EW;.Z>5=H"'4>JG%Q,QB=,0CHJ6UPUDS6R=K=S8FD9 M8FE`;K20.Q,)TM.6W,#;!Y2J8Q/<(924#_:DFW*DB);EB+$L_6^BL>OUDJ?TZ\[5K;R]X7C>93R MZOC$8S@B*.*>$WH8Q8SYY?K(@7@QIC"8/NYHP5HE6JN&"]058]S+:=`<:(?I M58>XBF1^R_Z-5>.NO:,6N?5KC=VJP%LU^O^96.<421[01-/=-A/]--[,?-K1 M`%U")M_JFT5+NW2YW.Z3=4'OJWN^E[L%)B@,0AJXV'=LA!W;"]W&9!C8$66R MBYT1)@RN=5I4]3#N<%F_=LBF'K\#)`TM=310.Y-QJ*4IIPL=;?0H^#G=_4@M MB`Y#NOJ0)??9.MME:7$RQC%UG0!1GU$2!V[$/(=%'::(DT#-V3$`Q+#'<[=_ M?DZVWZKIM[\OK$5_&*YIOT\!W>$QVT=0I^C*W:/N&0UVS1'X.3E'<+*E/"2# M?3@3>9ZFK1=])>,$R]]$UP7W\:Q8KO-B7XZ6?E*QN4M"'HL@CCW,J'"0B!N; M/D4L?B]>3(L-QLR.P\Y^1'S0AI`VHX;]H2C9 M;K]5A:Z:TEC-FN6A&HU-P:IR,GZHLTNSI&1V4X45U!6ZH/<\:NL#H,Q-2;^J MY-U4E=%:F%:-T^J`7M_!D6521A5U=<;<%%);NRZII5[BY,OW-%D'G3Y'GA=Z MU.>A9WO8]@+'#VG(@RAT$8XX`B4_`1]M6`7IW9WX?`A`E-.6"Q" MEP4NX9T=QF(F'TJN\'##HE`7#TAK4%VAT0Q43%Z-L6&9F(0LF%!^_R)[+G_M2U-J]Z8K<7N(;3O^L?6]U13[[:+9)V.+&![KG?.J/WHCIQ%1/@8_+FF-QKH!!YL_:7L];+3JSY?.+;O M4)=0ZH0($^+[D>B-^3$%K975+$RH_NV=$J_>>J"SJ,BBG,]HGD"%&:$!9%6( MOBLA?3=,FA$7\BPO`Y[D.!YGXE".;$2N\]4"2HWXWWVV^_9CNGO*5[>'B6Q! M.`VX\'#D$8]3P5V/>9TYAS@(5AY'U0IDO"@5P_EE4W9QD:^S55W<\#"5`[5& MF48YM9F"/YC>-(BL!I)UA&EBO;G`S(#BC.5R)IHSNAFYWE<,J#M5R:&%X_K( M#AD/?(P%C7Q.L=,].W9]T.Z6U`.-[^P73T#AD.-!3B6T4P"3A.'6&QG]E,R.HHCZ"/&(,,$Z$P@'H-Q3R',-C]]_JLP& M6:YF\EXK01_(;(`U'WC^LF`VCER?.`0Q/V+EH`E\TCU=.!&HSK?D(T'O-CR? MZ?/'S_2#->+4Y7U.(*F+L>ALM6^?;M0OMJ9 MKBQE`]*DG?69B)?^=IW6PS9#G)(`=J:$X_'0"P7V"!&N&\4X$ITIUP^E:DJ. M>?YTLC9"RZ3)@LN6"9[4%6H6L@13("B!,Q0;`1P[`S`]Q'@">"8(>_8$)X&%N@8`>9)3`7,$P73@P,P5E.`5"0-:H$;63-1`$7RN MXWT!*L)/^2[M\O8^YRS9_+X04>P[7D1CQQ=V@,/0\WEO*71]F"PH&)A0&^Y+ M/-:R_%^VLQZ29>N$`=5"A4,YR3!,'DPW:C!].O$NMRH\$\O'6T(&-&0$>S,1 MDC$MR+6]2O`;J]_-!H[VVVVZV94_^ZEDHOEB0;P@X(Z'8N&4*$A$;(H[/()[ M%)0<8PJ$X?V./FW_Y2AM/VG3]E.UB@KF.D3RA&@.?0$\4Y*LGC#]==9*3`Z= M4YGNG)E(J?EVOKWU>@IB8?$>1[87`1(TI@*'/B:ACUR;X-ZC9#8&+O_`CS?N MY371'^NK#=931MZ+`U$A;R:#2QW_N8@0=2)43E(6PG5BP9$3AC%V24B%B/O# M&MNNH>DCS'F6_7`(^"CAKR M[VU(RXW5-\9J6V,=-Z?:\7G=(*N_?O5JQ\YZ>V3H;.HZ73\37;]6ZT]/R*[9 M"2-FET--B7(M1YS2H8TIBGD01P'OO=D(>\`EUPA#Y@_@SRC,GZXN#DH#'4SJ M;`"&>TRF!/5]E:-Y:8K0W=;,SYUVMP) M*0/RILS?3$1-'?]I:MTX(N1N@_^Z3(NBOCZ@:(Q4=3E=PJ(X(#@DW.5NU._M MVAP3.0=`[=GF5WHUI`'Y<@;E:Y._EBW(%>=PHH?EQCS#,*UY16U#IUEZ`+>^ M&Z5)K2X4+SW^Y*C^:CL/IL_:0G@,]3$/F`:@>SF!:EH%Q`@>"*W15O;@6WXUU[!]. M'2?P+F=#$0'Z")^)TZBS1:>G_+K)@H19[9_WZZK.$<^*9MNK!%+<;AJ]_?CP M4[J[W92#/%T(.XYH$'C81BP24?DGZ!?G'O&CQ29]K!XDJ7L:+4L-S;`9FL<@ MY5V!8X35^&R=@-(K2-LKON#A5/J(E]3`J1E7#9KJ4%IO:!<][254J\$Z??24 M+(O#`5/:^V(N.FFB:6_#H@S1IZ*<=;Q)*=8OV_0IW139E[0Q_2$OBA+'QX?/ MR=<%0CS&0>!@3EQ/>,(M_W8PXC#BP+A4K;;-AZ/V0[J)IWH%V*JP7F\4RS`H M-Y*U]L7\1K/>YET>T09H'''LMHA#5[#(K_Z&A/DHC,.N#HE#,`-=9:[P^$D" MO,X=M(T.MGB?.=6`":VDC0]Z>!/A\"G9#E8+G>B@$G1`*/9`$ MDB$M+S]FFWQ;1QPT400+0;W(L5WJ!#8-6.3$)`S[%%T:@JX#!3_<\+1_$N>3 M=7$^I1__6UY^97TI!\D>OFL$)U%.9XSR9T!E+L1132P[IZP-B(XRP3.1''7\ MN:8W[2HAJHO`19'/`EQR%@7<<9$7]^C<\MOC/"`CD";QFC3Y26;Z1-6WNGIW MC%?*$4&H5_?95.@W'G$JW;\S$>JI6VTDPA1(NK8"F`NG]&\]$1#/=7"$HY!Z MR.WLTBCR%%.9U(R9%O*Z`.XD92_?YU5.LB>E%";&Y\M'DD%6J79HC'V<_I8'3DFF]U/R7.Z"`@B$?:((S!EQ!,. MIG%GAR(B=5V-\L,-[^"U\G(`956H)'5%G;%AC9Z$+)@F0WD:\'N*=/G]8_[E M/\M6-BY/^9]33^<2`V=T93195]:1\?AS36\-6">B4J&VR?IVLTJ__C7]M@CB MR`D#P<(`41S:'(?5W="-(>'R""84T*=/HQ0M*JN&996XP%H!9DU6+$P2IJ06 M`*ZTZ<4)"8."H4K8;!1#N0%O)&,<%5*:T19QBK-BF:S_D29;L5GQ9%?JDQM3 M1B-L8TP\;C-1KI]Z/\;UB*QL*!LPK!PM+JL!9E7(RF7-RJJP`=1#G;_W!602 MZF`:HL::!AVYQ,4%*1E-W0S49'P;]TO?[K)O]C<`"ZKL8$_5_"L#E^39+L%.RC* M=,HZ*E,PJ>2PJ)"HS7.YP,J@!S.6R1EHCZ:&O/%H]%`#4*&_Y^O]9I=LO\79 MNAS&"S\.0Y^Z#N=A&+@10ISASI!ORZ70J3]]&M7I45D-++#6@$F3U1B3?"EI MBSQ5VA3EA(-!)5'E:S8*HMR`-\HQC@K(_DGC*?V_160T\^*:*(I72>ROF653;8@$3 MJ&^GY2PEPQLNXUB;;;XLXLHD001P$%-LH MY*''G=Z,[2.8X,">/8W.U)BL#A1878!TR8J*.::4M$26)&T*\JK]@\*AQM1L M]$(1_AN9&$,#0!T^[>_7V3)>Y\EN$;I.1(CCQXP&94?Z=DA(9\3!`KB*@3QY M&F5H$%DU)+`N@(B25053'"EI@AP]VA3AJ.V#>J#"T6S40`G\&RU0IP"R0CG4 MYVCJ$GT\E$=<^"APXH`YPA6H-.(RQPGZ_5Q$I:Y4UF1JHM7*JTJKK""9\ MU3**7NFURU3,JJU@E$G5MY(9(&AX/:.#V=GHDI[6O%W;Z"-)2KFZV+G#`51< M?J=8B(C%0A`<5Q>BN.5*RF&L-<41":3E2O7YAC6JCYH]/C"MD0%D29F[][5H M"MI@`J3"F`;-N4#$!:$92]L,U&5T$W)];Y&RCGQ*MUF^:HTQ5]@^]AB)J!O' M#D*>Z(R%*++5E`1B86(M::"-5!,0@U`],47>.$61XTV[IAR1(:4J*N3-3E>4 M&G%16=0I`6G+Y_)7%E6&!0]=VXT0I0["OL\['XAS@L%R(O70J12D`J,@&7+$ MR*N$=DX4A6&8#HU*4!EZ9_"#.)G1>(?A/C/$%1HN-:II^?!5K2'KY+$RP(CO MLYC9@1MC1B.G.S;F#O:DH^%A3S4\KGLP5H4&,+"!W+P_LLW1`AO:LHQH&-NO MFGQA<*O1,H/1K0@\'_M&*,S:C7/0A;4ZKL<1PY2'CDNHZ].8=0%E/(JH='J< MVM.GFL=;5U8A;EV1-?FYW1QABI.\-%<:Y_M7)+PS\:L1-@.-&-F`,Z[`&"JD MZY'\G"9K4>Q*"[Q<7*SS8K]-/Z=?=VS=U#TG<>RZW*UR>&.?DH#2VFB$7,1\ M#W;9W3A;D,&A=/=-!<]J\%F?MOE+NE6X\WN^)3\JVJWD0WJ_([VWVZ.JJ) M<@X.8Y@@F\:$(>01$L7"5'&I,(.PI]KDN;BU\BH:A(^+9Q"6PC.RKH:H5W$ M:1H2VI/@#G%5W603D5WE;KXOXCX"K=Q2'<7)IK@J#+VBF':`.;E;$K+]^R;; MK9/TZ9YAG"$_L.W00F;@(11Z%IT5PVJ8"$(KXBU2+L66NA[/X-6WBSZ\@@HB M*#""&B3MXPSFV-V;A[J.OBR5^8ET7+D^90I?U?Y=\@N)F0JP>2:*\R3W?R;Y M#&/-=S33"GS--UT#8>0U9J&O\5YU--2,NH[8@@,*/.`[0W3&/G>,(+[N-HC: MZ?6T8>Z<[F02:!+O7_MA]G)+GOWG8EP.LN6H_N>;V!HVRYR@\`(3;>Q M[7J^R*4#4@PJ7J;=#WZ@W?V^E^AXZR3*I5A0Q\9BMV]4(4BL6DWK((M'V&1P M/35UD^+3*8F31QBWSC5UM!L01]!\(<\/9#,+L*[K$&K(,P+?@0X56E1#8'>R MB\B=3+N*5:^N?!]OP:E^6@(5%4"IW//IX+EH%Y-#&8PK448!^CH$4D4C3$0G ME;B6J7^'!543QYO-*YWBE2>IR:*4ZM,P=,.S71JC1@&&+"M`UPRKAH'"4$@Y M9=M6K)XU7%#B[*N5TAGGT\MSDBVZ85Y-Y+_$%U>W7R5IL7R0SZ+`M:$/+=>V`@U'MNE9N%DR<&SQ'3E%.,;9K3N^ M57@<.-\.PO]:.?:>E#4ZV^3'$>7,I#'0CDX:%D6>PS`(/69'5S*N1:W+5ZQD-C.I0 MK1&0$JSXS5'C-0NGXD^I1005OVF,%O:VR)?P3PT'?(VG1N\'DMZE]V.UYU3T M?C1_#_5^7*(%UBOSI9\NV!=VK^!+O&+(_&V](E",43.33O(-/_2UP-,M.LX8 M>A36Q@T+L*V'9N6RP#KZXAD'?YU+9C+YGTB_ MENS4N^4Q^90-[*%'YIPSS=9-#UN>Z6F:K44P=-R@`A`B#(WAO;2/U?/UU-8" MSAZO\.Z"-/9Y]Q7.0;Q8*"6/\Q$5\@B%PBHYI!DFK92#'.-2R^'4<5UA'.:4 MC1\+LL[R9)L_9ANH&9#\G"_I^TMFGFMY5F1B"VM^J+N1YT1U2F!H>![G":'A M=D2Z9J\S0$7'7)+5`B0I(`560$$"AA+4,+F[Y=%K>#L9.-*SY+$V@8MW)3F2 MR7ZA!&.+JRQ.\ULR)[27/JR.+63/D&<9R'0;7!=3C(MHM!7M M]AE6-)RZ M+8.[;C$>F38QA6TS-FAU40:/BZJ"5,P2`Z;"YQM0W+S>+Y,K5XOJ,66,\_Q*W@@8)>38B6&JG9*YL5C?R3;98&NA7?_ M4#;U_+]=LBG_K/A8EFW3;/OV0]NL_%TSQ.=UPDC^&=PSUX_C>,@JXP=TIHO6 MXVO+>?Q,_[=[>$[RG")G#Z8>)M1.NZWR=M]8UT5/\N/MMJ`H/P];?NI^J4^L M/TGJ"1-8@)+E229=)@2&X6]IWFW3T*#GZ@["MH6PIGF1H:%F%3RQ`;DM[P-'I*'L\D_*(_*ZN_#\G_JL+Q+QQZ8/WJQ M3PS-TOK#!`9G>;YD"@2CSP#]$*?_FM.OR?8QGE>S]F,88(2I581-TW"#"/N: M&S0[NJ%A!L(#MBS#HPW@##`H$8,]Y#Z#D#3.!8;X<]#==\@_SK2\($`:_SV" M@G.TP^]!PN]!PHD^-4:XP/G*?Q0^R.XY4PHGI/MV++Q00R#WQFU`-LD+E:`7 MTMH@F&$#:J[FN]#3C<@P'->!S2ZQ'3I<=]D,LZ`X@+BD*D9_3264Z5?^(UZ# MU1Z=X+9J3P[YMDG5TR<6$.SQ-!NJ:C8.RK#V[N$?3?;$Z\@.-*4\5+?!5A]\$ M=68HCWR",R*!8LK39FXB==R[N>J0)$DD3T2;9'F3*7D31=5J\Q2GR?\7TS*< MI7FV2A;%-WZZN"E#^.+;Z\?WY\;W6138\'3'#4P4AI[K!YKIFG8%SHU\EW?T M'P>,PC[;PG\!WGA03*':/A1%8-[7@#ACCI04]KM48-36G8I8C.OTH::<@7*^ M'*G=0YXLDGA#`[&R8+T>(>QX*+`=PX,FQ-AU]-H(#=O7+V2[S!:7Z0O)M^RE>/]30K[&SZ2HJ6\ZFJXCW;*1AER(O$#3K!J3 M0WD368=1"D3Y,7&&IN`+Z";3"F+B+=P`2N*Q(>1UA&&CM,E$ MHJ]Q?,W.\-*+%C\]8;.J\H\=&WJAA0(/A2XT]1VJEN>Y/Z2;H`Y%E,3L1#1/EC>'I4EEDL0U1[Q, M%SLZ`WT-$OK_Y&%73&+9AOSF,OF6+I*79$$6]X3.6[=5152$?$W3- MMA!5PM]H,_"O'9RW.?IE$7W4+`G+XMFPF\=)>?/XNKR[_94ENOQ8)O,R)09G MS^LX?07+(NO'TO[TKC4_)>FG>?;\3)^>5%ON`Q-8A.D^L0:BKMDFL$:BT+EL MC#>?YX]?,]:+F\W5[HH:IG MYM4K+38'%Z?FX\ZNC!6QGLY-B(1>WG;Y1!?OQ_E;4-(Y5N4&XM/,>5H4($"%JAPG>U&MM,D=:S*R:!V M(DMR4EPY+(0JC1ZNQ3@ MZ4&16O@C9:?6T@5@ZU@Q.\+V\,J.L#W'JQ5X8D6P6/KA2RD:Q6FQ>#[/GM>K MA-7>!L^[[8Z=60,/)"6/29&A6'V8G7I;;[)?R7SHTE8GI2>6L>0TPP26K"0Y MDLE^0WNF\%TU-T>9%D16@'7/MNS(T,(0ZWU7'M7+#W9Z`$`QTX$2.7U\JN#I^.^#,9[;N(%M'GH=12.?# MH1LXL#80A([#&_J)/55QJ/=FVB127T&0FX_%4!TM8B(X%B/\BJ>.F7XA&"]# M/!+XQK<3TM?/_PE(7D_@V="F%Y"X*Y+G]\LX_>4,-L=D:%Q`1M>WQL0I/IB%$]PKS'##ZJDD^@Z;O:!";R/*AJ5NN[AAUTKQO MNWP[9*.#&F4*4R_Q_;FHB,5N;%BU[VG85"X5:X6D;M%P;WY(TB*$.5:>*G1]0Z.#NDOE&7M!%/I654_" MMS3+ML7*VDDRJGR)YVM((XM:G;SDK0)-OD^=X2_)98!DF1KKA1=B"AF,' M/FRL:(XKI$B"CU:L010-6QAK\`C*D"A/?,*CD"(QJ3ED9T)J\Y:C#GWI2>9$ M%*4O^DS*&S5\MI>7+\H,F=`R?"_P-.B8FA8YR/5KBT84"MV2,,",8C4Y.J,; M/G'C)K'W9$T%?\,G:/ETY.8T9V(3,U&B)R)#,CSY>`+6CQS^^UOH_"Y+MTFZ M(XOKXFC+WN8^HG)LW7&PCD+7=",<>GJ@FXTVZEBHFIT=&>DC_0X;K6;KG6G;H(][],<&GJNMP#9"/JZ6KJ;;[AHB.?M.3L8ET MD+[H#VO<#B%!_)4O=\%8`;8L)>QJ`E9D1PN@X_BAJ=L>RT/T?#MJC"+/X]WX M&&9$^:[P'L^9JE!WT,\R94YU(`D6"B2Z-K:JL31#9-@[M[GS`RXDW<;*X3'&\3K;QJBYJY4.,(M,W#1=:MHU, MQVGBH0#Z7(4&Y%A2+"5[<("A^Y2DH,(G*"P#^>03F?&H%!.2WXZF>J0 M(CD,3T26)#F3J7@)1>5J/M\][U;L?&V[)GA^F88_YR3/KQ^_DNUE.L^>Z[I\ MIH8MPW4=4X.ZY06V@ZPFU(+8T(4D3+IU]9L4>Y3@,@4E3G#]",)XDR;ID^B& MA8(&X-2\LW(OJ(-[K.!M$R1-$V2/@`(&)>*SR:,HJ5V2J:R!IB*CZAP\E%;% M5/:1V^*J;#:/W9`E2?/DA;P!@$W-*Y$]"^,[[].0$N[B>334$F-,3WM ME.78:*'7` MXIY>U>SDD,NGA*/Q*B9^IR@]D\QUL=2A;%+(G8B8R?$E4_#V]=WKOVIJEQJA MX42N;D)H>C1NC(S(C1IQU&$D=!^X^.-5[TCN$UZNA&L*#V%-,"U"#6%BNB/* ME=I,B*N.HL02Z)N(L@SQX%2B0U\RN%6$!E<;$N-,1#N5N9>-\XX+QVZ' M1BFPU6Y!@\>;;,.6"_UMN7+(LD7OL^/QY],A@L#-0&K6))B(08WO] M+B`[`^G<D]#1*WLP-9&>U0=Y-O@U$3['R,ILIHN\E5N%XWPY\TT; M69&-;<.Q-1-'NFUYM3T;:=8L)4]L69GO?>]MANOM]\JWOXU(-!UP40,$"S)? MQ:Q>UB?P1_@9FJSL*A\8L%VKDB:%P<=J^JL,X.. M\[:%,:8V-5-W?1H!U-:1@30QC9)D5+EB%>Q_>F#XV!4,#<`+D-*1/'MD)9,? M22)V^8^DW5XN"KNV>N6VP43ZHVRO#C=Y59`F-N6^S/,=602[#8O;BWGE+_%J M1[Z2'\5O\ADVD>&Z@66%NF6;CJG#0*^-^Y;GBX7/V4\,)V MW3*.R`\O3[DXN$KE\9$PIYH.71=-%]Z2D=(RO+LT8S>)Z,8-H[8$"$J$H(1X M`0J0%X#"+#\PMFQRT-851!U2^@K9T4U'H^!S8M)\":/DVB MB/9OJ^&:.DHC29?8&C5HPP8WGHK:G`@]NJ=^`(`_W44"?)1'*=3L8 MNP!D259E:)U?/[8FP/?9'8VO\\?7^_AG\;%LQ9:MKQ]6R5-<9:;C+$W)G'W# M/O$+!G\%W5.`Z_R M@:!V$QCZA:EY)X8!L,U`7OH,MO'/XN:@RFN0[=VN[BBL'-_?+_12NL^>NFD( M*)\L<$G5-%J$XU*R:0!5-SPU[TSI(#ON]>8L^'T&*B\!=1.T_`0M1]EYL;VK MY55FE;/LB7MWA4[@3X=_@6O.I@%8Y(7I=_]9,>@P%?A1OT&'"HUX!]E;L',L2(?NYIK^:%F1)%O^F83&]IN9(OM%8P&2_ENPMN3N%3'3ERW M*CAM'J_=^*;2TVHPF4=>Z*2Z\@4P10+O&O3449G*HY$GWK(:HF,R/GI;3V2" M/K[?V9D[V7FR0S7H8#_PG="#&O0B/73WRPRZ;IA5=FB8<@XF(\$2SPVM/?@] M,W34!IJ(G(SMM9K,4#'2^8N75H5B;LBFWG5/YOX#U;AXOIWIKHML3=,L3P_\ MR,&ZH9V8W-&0;\%]_<'4(__O?Y%U; M;]PXLOXK?-B'&<#G0!0E2GK4=4^`3!PD#N8A#PVYF[9UMBWU2NHDGE]_1%WZ M8KN[>55SSF*Q""8Q7%]]17U5+)7(?JYG&+D'^4$2H[NUP_<73Y=V:/-$ADT+ MKQD4SHWT_H2Q\7"<'5P:@<.7`B/B43WG/E2"C]$S(JHK-H;(JC;W7I]&H95& M9NG]DQ2/3RU9A3\Z67DDG;SSO;MNFS4M:)@\@`@=V*N][3I303Z%L M',<[$'YB0[ZY(;6VM;\G3DA9/=,;P3KQ_2\P@0?Y@'[WVGB/FU-K%8>"36FO M%P/.%ZX3W2-0,""E;\*F5[![L->16"XJSPBLGI`8(J^:G*OF6-62V_JD6&\I MIETQ;?NIYT6)964IBB(4)6XRF0U1*K6QY[6EN6I-/GS\=IU&B#1%*9>Y+0 M7G]^&X')#!!J#L5Y230K!GQB>8![MZD?ZLY#Z'3N;P=>9GY/@)P^;=MU_^D< M_>E-U788BGR]?AE^E)Z.3!X>R++_D;(Z]9`">JWT8_\[6OHB>UN_C/_P3-JG M:B4YOR<5IQ-S>?/$WH!YNYD9^K-3T@L8*XT-Q5-!$,L-2T><19EFKTS$*PUE;/Z($9S9Y3=/*W>Z0# M8\@^1IM[;"T?131R'-4ZS(K0&YO&^YJ*O\AJ03\E0U[@PA!93N!8$*;#MBI* M+2]*&7-I&< M@U?>?<FF*FCA.)2MH:-L1;DE MJ]L-G1V@0[-A2>\]VE1-OOYG76TWS:[_XP4H]9$?I(YG6XX?!'X0#S"ZO_4= MUAEYU6;U/6&'2,$>*NCR!)C`@@'M]=JBG'2>>2IU!<:0IU6;>V].,=-)(\_3 M?6!M-]3Z/CKZM^NJV=;DCOQJHS7=2CH0VEY"3ZF/_<0/X^X/>X<+NIQO]+7# MT5[`?"'=TYXV]&A_\#_T\\RLJV.^YFLRZ<%[6L%]F*/NH#%KM#G1XA;M0V&^ M`3OTIV)T`_8>@._4!]`[<04EER+]O+3/$T]SM'XF?]^*_YQ$,V>#+"_J_@/S M/_H&<]]@_%!NNEWO>R!"S[.@94?0\V+?"M,XR$807;7IV"Z?]*NUK5WG*5RP M^Q@_*\J\7!:=GGPHNX3=OV?@577%Y+-)^/58Y]/K/=TWX``J&+":HLU<;)X1 M8CU1,41U-3E7S;&P.?4T[N2[6A>K7LB_;N^;8E7D=4&:V[J_`?/#[LBH9O^C M9)5V.:#M?NIS]Q?+EX7K^1ZR:'3U-5Q*1,UH_;\0-R0$S.UU=\R'CS1DU615MEB^+==&^A+^*9N$'28PB ME'HNRGS?"JP,6H$?)VZ6VMCQN*[C$_CUFE^%#XC`!`E\IZ!XO[`588U1D?42 MQBFOG%SI4<0WC)R3-W'Z3-$J"0]>"X\L&8(JDE3/>5$N["R*KK)1<9F4)0!`[.F<))HI*KP M^G!65X0(81K$SZKZF=#Q?W*?E_]ZI-W+;=F09;>77M7D1[7^492/RQ[,PPAF MNAX]##W']QR(A%HUJ8!.*#(`84.>NQ@!Q[LT(,! M/GC8/92#!ZPRICE0YW7.G!AQ]A?_OX2'?3+?C#")3>6/X6K(#U*JCQ?+O+PP M>R=FY?5'PX`Y^1F\<"_9T>.V8B"5" M/;%A28`"?)U(?3J9-R#I:76OFFZR(Z=V+7IC>#) M9#[QK8PULZBTJ3FYT"?N4PZ^Z2G-E9)_.<5^+/,WHIP]UUR+>K%T\Y&4 MG98">J!&QW*_#:*?C>:O`R"79C@X.9%I=+!J0++1XE:E=S%R?XY-CUC]2C_G MHN\?Y^"@!C*XF\)';3-'$M9`6QZ^[0 M1TG,^W6W$:"USX`>?\33B?$S$9L>,H0PYH_,C4"K+[.*Q%73-^MS,'UFTL&P M4!LR.V$:*V\^T#<+GL8O@NFC.8Z;!#BU4C_UD!NY.$Q=WTFG<1/?@2'3RRK= MOPD0^*AW$36Q035NHV/*0"5&222Q*`W3];WWW#)])*+IC9DB&T.ZFS`>] MPK0R-W7I+G?JUD51UFV1 MK#C`B>4F<9)D>->M"Q%F;9>IMZQ9K_>`08<8[""#WRKZ5G5$#2AL>M@G!?Z[ M2"]'0T@N-]&N&PT^7?X;!X*]M7;=@`B>?JLG,"Q=-VZZ3O3>]-%N0`=.HW/5 M'"N7)Z\M_[TM:K):D1]D76WH6NZ6ZJK?"M$I=SM"&'HX]++0S1#V=VDT0S%S M!I.PH3M7C=#``39`P?%UO*299$@\,Y'(F6(,X8\C7\S$HV!F$.:32?Q/^WY* MYA6P98*@JW"C4KN(Y$5ZW.UD808SE,89\E$8NA[V4#P9Q*Z72,HTHY7K"35? METNBO,Z1F6;546U5C2AZ'O6Z[E0;LKX!,G"UQK9R-Q'>8N$?>ZVI"Z?:%O-_OV@IVD<>I@VW-MRXLC+_:RZ2/J(/8\YN^[I`WI MGOHXV#[U`,&$4&`B40VSET5U5E+Y--9`/MDU>%9>Q219EE\6L;Y$PPGM5L:> M`5*NSI=*P_)2)/33&(N5I*A+)'&0!AX*0@=B>[+J>'&@0NH935U;[/F[DRKX ME1-\#=0JEOSKL*I&]C6PJTGX>8<&RS^O-XP)0(@DYKGPSW7Q M(V_)YW6^[,?:IZ.2K-A.L)7Z'G8]SPHSY'BCM0Q:F&OL6]"$[J;(@`KL8/%N M_&49/"_N,Y+'V2L1X$W+%/7[S+RC0HJH-&0&6M:+2NGZXFFXCII&I\I&*[:= MNGZ$XPAF,,VR(+#=2=.R%-D1<\>5_U=K5YHGB59(K M<,31=]7+E6#CE9,SIA;L&T=/]6#%&3&@=)-!7RE9%KP35TW_16'U\&HZ8+2: MN78GS#"!H1_$3I2E<8PFJ[:5,9^]K,#4'+-7`T)Z*]#;P1:!3P84\'M9;F>F MED]^#665RSI+Q;G9+#4<&B#Q*KUY/:6EDB3FW?G'HB2W M#\%;[L(!0GT$NQ$R+,0LH(!0^:XL>?Q M[-F5&M:<'BC6_K:XXULO;L`(&.P0@PDRYQ9?;1C8-OY7BP!?%E%*OI8^`0^1 M9[H'6N)A2$]!CV_5#`N:HZ3^(Z\?B[+Z0>J/'Z+;+W7>DD6$LR!S0C_.(MO% M29PE-I[,.$F*6&MHD=^M617?@<11R0F1=;D@ULT3GW9=@2+VZE8W56+E+!=E M+)7K.[_P1*DJ0X@!M:D4_$K-NN`Y[WM4Z`="%@YV46;9'@Q1A)+$"BW'#_RN MUK4CSW,14V')^SLUJ^/N:K0."\\YT3RL7)9#783PR>`<7'`N_7"8$3\=P`81."7JS=",*MF/TU5/ZF5MG)-//KTTC$IV M:9V34C&YE:*6184O4'!"F5419X!:*W.E4K^NN%1]D_)..X*D+6C7=5'>(JD2))4%E6?CT]>53>*2AY5GX]24567 MH)9-U<]2<%+5U1!GA*HK1F&V$\3.[7C<`+H M.[;+?,_FK*@T9XS!&?K&9N<.V/D#CARB1_\-+AW@=XMG@LAYPWR MY9QD;GSY,MA_7&@Y;@$U-L2"]X/.'6JFJT-5DGPB9U\GD`9D^"LY7EW[&1*H M'C;#A&8'K*J+#D^^7K]4/TNR6C@NBF":16'D6T'F>DX0QY-1QTJ8OUV7MS1; MEM]#!'N,H`?(TV=0 M'E'@S#NY015%;&?9%7^1+MO\>YMW,2>DW9GO9_,7EIT%&#EAY,59X+IV:B$X M6;1AS#S;(VE&L])3=.`W6N/U`.E[RO;W@\=H^%*$YVPW258OZ_R,A/*)O'%< M61).J+LBY@R0=E6>5,J7%>]=9>2^_5`V;=VOLP]E M)XND:;]TFXC^]K759]*ML6X!/I)%'"59B)#K)8X7PL#N_G.:$W4ABBRNZ\G4 MF=4L^A0IV$.E%UX-8`%%>P,&O&`/F/<&,H4!.)\/KLP]7WY02+N>>\6827Q' M"S5&PI`I=QV>O;XP3!=Y@MKY1]YNZZ)]2>B4:%>`V\B)X\Q"@6UA'SN9-UET M?1B*:R67F;FU<0('$O;Y;A5LB@B?-B(EA8Z1PQE4[9`A9A43HM5(U1+SY*Q* M29##M$W_9UTU39.O2;.IBR5Y54+&@95"UT6Q8Z,T#9#KQ.EH$$/?9A(E>2N: M-:D'!WITH(HCY M;9JXA;EZJSVVOEO5G]DPX>/N!`JQR-I0U4V@8"_UJMSQ-E!UQM4R5F12=QH940*Z%,"$DY9< M;PX^YCXG6@WE;'WE*[#-F4M4$*WI8&D6ZLXTGQ5S;T@C6K57;PZBUD`:4T'] M;9I47I'[MI.,YZ)\(7G=+*"?A';D>JX5.!'R7>SA\7JM+$I`0NOWF3VZWSDJ.'$*+Y?%L[#'IUTF$,=>Z\Y"H%AQ*TPD2SU[RN\3 M!:PT3094K/(^5`K7#==M5/=M^O!`EFWQ@QS.32SL`&++AEUT+=?)$M=-LFPR M%OE9PGX)E:@%S2J\`W4\3L1U*9(P>9?E=Q[>^.<3;L!5B>.Y1&H.`D7OCA(B MDNW"J!-NGY!?>9H,T%\%3E0J5PZ'`L='7_<_CT,A.\EW742OGW(\Q\GHZ\74 MMB>#J>TPJ["<%E>3XR^>39+![9E7H^/L746HY7 M%M$^R\`)X5;#F@'BK6+3Y-V1.W17%.&WE!S1G?$:31$ M:"0G9P(7-<-6U,\H:L(C)<45*T^;KX MBTYW86C#!+DICAP_M)S$QTX/*89Q["/,)CIS(-$N3WL'!HT:Y\?WOH#[%W!' MRKQL&_"S\PL"[LY"F1U]`BVAX]@^T2.ALF6-*[=S^7[#T"Z5%I6 M8%V5CZ0&R[W#_RTY:R9']ZD9M)F":$"S8C97J_F?$8X,_I&4C^U3]7!7/)/P MH25UEWG^ERQ;NC%9$SYX*0PQ"A,[LF(((SI-@MP)7N3$+GLVGQ.5]LP^.$.5 MA+H#>G_`Z!#8>W0B2]"S7CH!^3@(B%B:F#7(ES.\J='ER_9R8560_&>-*GLA M8&ITQ8J"5U'>OR?0'W"6,D`AV2=*@FN$TX#RX"IN5]=]BGA'X`]/K?VCJMO' MKK#Y6.5E.U,_4./G5_7=+ M5D5)L^]X77V2N5F0Q(G5R6=DI5D0.QT4!X=AFF2AS_0*6*=]S7KW#\\%SP-> M4$PC;_0F5=#\S#=@@DR/SJ>@P?Q).S,F-!LCWZ M1H#A651-Z.6.P'Q<\E4A1M'(<1;';'0*GLARG57,_]MG4NQ$0%PD*&/; M)^IE2TR3&8G2LA5\P\>9S9\X=X9L]R0`4H,?BY)\:,ESLPA2 MF#I.`#/7\BV8^C9RT633QZ%``2AHZ(I-*0H2]"C%"AA1:GE*P1E8%:\&32%4 MI"B<@5CYNE"(8+[:\'T>+I:'DO0952'*^O)ND:B$(!ZMI\7H\JE;262UK8OR M<4/JHEHM'!]U_W-1%*:^CR,?I8X[&4RSC/T"(RDK,ZG\\/W_@`\,`,&`D%^/ M1/ED5O<9J!23=A-8Y);T&=B4TW,15CFD_'W_S^NX)&?FB+BL(V\57`DUO/*= M/],Q]9IL\F)U9#9V4@?!+'*QD^$4NCA*@LFLE>!40,2%;.&_HNSE((=QN*$&/(]\FB0L/:1XJ/CIGIAQ*?MN6JBUC[Q'&"P=_S MTC16\@WIGNKP3/S2-#[R>(NX32WBF)/G'?. MBN\L+9?+/C6LFE7[*?+I_0)0)6',56#X7-5M\5>_(&\?:()+BJ;_DOUS39Z+ M[?,B"IW`CK/02[S,]Y,86J&_>W,8^2[/,("\-QHUK371U=+OG219O5R+3PGH7PB9AJ7@F>K M:^94S1'KZE]C7>#@1$VKBCD#2EEEKIPZ?%V:'B9AG[YS^%31!9:OP[YU&C9- MM2QH'^9GT3X==6=^YIN$]!=T%#_(`J'_8^_*FMO&E?5?P>-,E><4%W![Q)JX MCF.Y;&7.O94'%2W1MN[(HD>4DOC?'X`4:7FC`1*@F*G[,!EOI?[Z:^)C=V/S MO(2BP(`/LF9I*D_BD,C*5:S5B;3+K+C,]N6Q_%4Q@QBZ-!)/(.()\A*" M$D*:R9$8*_4ZC1JT/&HEQC_*RT>J$_&?<)Z`!BDHH>J?86V6>;62=7#2]1(^ M#;X'KEQ5B&LI7HWR/I+ZU:Q/N<4'5>?@*&%7/H`RO;I/-[?+=?X]VYR=XLFE MW`@\8T'B0N0B%\(@0%'`W/@IO_(BK)K-]+4SF/!5U4$%$4B,H`19;HO6.=6G M+Z\?U[%#4MI5UL;"IL:Y1P.RVO$LHY[L*AU(U,[".VFT*>Y&D"<;I^N_YH?7,(BWRQOEM,N1R`=8Y/.`LY`Z490TJT,I4=N;:OPK['1JC1XA"WT:IF6AHM4[56/JHE6J8ZQ&\ MCJRY]E:KU0I]VHV9\L2HB_11GAF%KHOM)IUO9]0),>?0C5#BA33"L<.;C<8> M4KM_S8@AZ_6(/"!M#TIV4-I3/^".[[K8"6/L0,Y#W&R8 MY;'6`9H]35E6K8MZR6!^<["0L"Q,;W8":E8UC/MK6%>F]9O&EDGNUR[FRV(N M"/Y?06K=.GX\OJ2]39MBL[@'WR.3M;[>M#2(>Y-D:I:LF-QB[E8SF#CNL3"C$4.((@B9@7L!J73URE_O%@8"S+8P-*ZJ.L@(XZ_GHCW<;:[@O>F MV(Y\R_?(]$<^0]QER(LBA\8(Q=AG<=*\2K#C*&U0L`K`OEA'-L5:F6<+&FV# MXD&DN>QE".1C%N0]N:9T6#=6OZ+\:OO81W6[$6I1;,63FLW""$+(*8<)(2X4 M_X=^LWB/H@3:E5LE"/8%-[8NN&I_++Q6B9,2>*?#]V:``)YX0Y+FK`1(G%%H4R`OOBF]@67S6F+6FO M<9*'DUX)?>S**S&:%%ZMZ[C\`2Y"8J( M%S%&?$C#&D]":&1)>/5`6-=>SRE/P[_.'O.UZLI5^]0;5V)[K-L7X[2\"+K2 M8X%^O'K\C&0SDMPM;K^>*G?TL[LP]R%669M/U_/\OCHD4MI_6A,2A!&E#J:>8<^1VIZ8I4>/2&IH1Q/0%Z2T:(H"T12)=L4)*TM[B M>;:=A7'BA1&+F1-CCP20Q6YCRPEAHB<4'0Q8%HO]NU6&#VP$/I"5`$'^D&W* MC60M:R4,LJ@J)98)U)43P5>%!^P!G0`!:7!->D5,Q]^J)9F-/:U4_6.1P_[E@YU?:C8N.;*D)@'VB]-1`XI$3&7M$Q^MDO$E, MBUCT(W(DRM'3B=SDL]514U[4.C/'(9B+#_:@SWCH08XAJKFR.3'PZN_&._/2C1>.* MR(=-)H^`%L--?+W*Y!=HO3B\S6/FZET,:,*DS MICI="WF(LEPVDA[`&_Q:R(\9:QEI1@D?R;`SZ].K2R"-$Z8\(#]E:_'V6TEK MB_OE>BGS#WD$^_YU.8MA3"*"$>(AXC$-`\+JN=B(W,"*]@%5+6)FBN21Z)@Q=W([SZ*F>N%= ML5QG14'R^^OENA1*>:O$;97/7V8K>=>$3'&*F9/$/(G=Q/5"Z'D^1)X#&_TD M3.F*%@MF+6L:FO^]6Q;+,JN82T":4F:28#55.Q*W>@)7@P0'*$_``4ZP!PI( M.^E6U$Z=PA;ALQ"'D6B@#<]RZP]QATY/(>2X;GO,&/9BCAR?,(Q\A*/(Y75' M*?:=@.C,#VE_N.5YHAI'A_Z-'D?JC1MK].AW;(HR#_N8(VN-FD,N/NC0=*)M M)+K2'?\;/9D>1*BO0WD^17V6%T*.&(-GY)W!Z3B9?F.Y*E"Z,J8F&;;+T=./E"A3PFP0T]%7*;W#2M@ZE M!X,CD9!>+KQ+JK6KK;,7V MTK;I9W:Y%Q3PVWX"6_>&O!X<:@J,5?JZRDPS/7>TN>QW^5&1G,ZGZNS`LMR`^S8//6)3`T(_\D&(<0"[_ MK=?^QRPF6GM^C!FU/0.6RCL%UZ"$^'*AQQ-@W3Z+.Y5TR%.LY8;C3;.@>W/_DBB**W"_ M'V-K9#M9;=6=&99'HENFO%'8[-29),WC3Z1(87YR M,TU_-H5GA*$'H8LX\2@)$^3Z?IU2)I3[6JNGYU\9!?M. M^.1<=Z>%'>I5R\LCLZY;@Q[TSJN%YX>8P1/H4A=E]B>`RX4$\]5N(?7S0JX` M%-DAVFXWR^O=5EYM![9Y>9VA^!B!:57)[+[8/?*A.'J1:2V*+09Z)()LU\`L[3W`.G^QI_ORYKA_K&664!1ZD-$ZB,)";[Q._!D(8\?1Z>>;M M6^_V276H]LZ#](44K)]+P;*6`E'*_U\NO@/?1=6PVVBOCK`0)361/U)X.BF\ MC,MSE5=4ZH'E69O3%FVV%Y^1"+-%!_.A'O5>DOP]7:XJ%"2_O\_75]M\_M== MOA*\%S@MEO-9Y'$4#"X-=9:)F+9M>0G).9O6<[UH.KT\ MQ5^G")\Q,)T`AJZFGRXG7R_`Q:7,KZ>G[.I$_O&_@/C[+Y-S<#6=D']_GIQ1 M=MF2=P\@`1_2K"P`Y@(VRN%OT+W6P6^:1KUVG[#YL,GN1-6^_)X]H:HSPED4 M8$@\GW(G#)$7.4'(ZA5H2<1\K8M,C!@ MZB>:)4QCT?PKLXU)BAT_]ITD=%%`F0,)7*JIVE`TZHF9HHR=O*H4+]*-J-0'7Y__+HB0C];.B.OTU$*&%V=$B#*KZ;H^HPN&:!HB@"?7()?M8!KI;UE ML)H)UTB&JR%GS8+FT:FEE MS\O*%Q0'I:]FUM&14[5\PSZ=>IE&C0<(0*!$=`)*3&,0)EU!4N9QS$*D[H2* M`&E2HBP\_\F6MW?;;('$ZS6]S<`P\T+?I:!J"=,(QD M8%IR+A_B2>Z90=#E:BE'@DHBX(2,A=7EM5EC5/$BMKS7KB3\] M/?LZ972(U/]X"VT^B(+&:[=K_$8RSHVY\\&KN!]-?KN]4$-BCM7Q7L48U#JO0E2IG-<4N3NAMJDJ1) M2]_Z8&_U58HS8XA#XK@<)3B*$@_&D5>O2>&Q`YE>FF':NO6TXY>I$]ZC4+]2 MZ!V,D0Q4:^ZI50N&:-3<-8'N\]UZ^V*YV67V()>:KV_9>KOM'+J^[$9PQ1VL-B%TDEO,5]&7R]7QZ96WVX!BQ4\MV MQA,VO9QH/PN[!_[.S.L).`!][)T4'3END?)A8C<281_(V3\(.#L"7AZ?NX8,G_`>Y`O@F M70"E#RW)PA$"IY;4C29F>CF=Y7!9NEFE.]4M8CY(!$>B[,/X^NJ&EL$(5M;\ MJ_E=MMBMLLG-EW2[VY3F)S=G^?IVFFWN:7:]G9;OH@8'(@&!)(B2@,9)[%(/ M.4&)@SA=$W51?-Y6=U?I(_2GKSP9C[?[++%V3*]7JY*7&2WD?TD M\3NYB7?_35WE!T&"H``3Q8P[-$D@B_P*E^>Y+'(4![YU'/:$H(8.]MBK:Z(J M].``_O%:<'W);1&$P>(V$H$8SM_\2`-$7T`VNW3%\\TT_2DT3&YWF]ZEZZJ- M4/[L+5@S(6?$88Y0,X'#"1"'$6S@A%1K'8@M#-:3.'E5[_81;"5"F5OY\>)'NPF2[-EN-S7@DV:Z; MKY5X`%HU-OF6)?Q<'GFU?SF\:1ZY7A0+U><1I8[#/9%+NK7YR'4=O3O1S=BT MW@']GJWRA_+LX?*VP(X::XQB-4T]!KMZ&GJ(L$Y[!]_HJT12BSR:IGDD;@6W0IGTM1IMI8=D)D4,(#4,*61S+DV7VI@GTM6:`3-BS+'/-:9G=U,T( MHZKK;88E4W=5S9['XRB:`CFMRV',43L2)3/JTCO7_E]NVPYBI#>);<*@[52MQEB+F+Q#8E?>$I`M@(S49CF7 M7Y:K571GI8TPKCC[/#39FK/,#<_'$3D5>MIFADVR.Q*9,^O3RYE>\X1UG5NH M3L)ZRSX/(&$T](C'$H1H[,*(U/89XEHSN<:,6A:\JNFT%[MJF4>ZGS/(NEW_ M;([N3E,VPS#=;VKF!'QP!\H0TR_O$J4^S=*?ZY%HGWF_VJ=-3!%G?7YU%L>:369#^@OJMS/I\U$%H:J7]X7S-\ZYQ03R5'-9=J80Y5.3SC M'.P6_#0T9ZI)K.9^M2MYV9GL2>-4/.WS[.HNRZ1]M%@L95,M71WLIL!R:\5# M7J2K3YM\]U`T5ZF\?>5%N6AD1BC#,'&QY\(8?)4Z2DH7:W6=#3./MM9=?T(:G]!Y?#AC3?O7)"S7Q6FN[YZ M+-'0VE]W?+@V>X9C>VXL;N*S'LC6_N:X'J61O%-'1\N;6PA'A$_OC?TEWVQO MT]OL+$_7Q63]=%DIS8KY9OD@$4S%1TYNZL4\Z.>RF,4B;7`2QH/(BT7Q@"*Y M+6J/)O)]I/,"M@3!\OOTX*K?$R#AR871S8*G;Q*B[KO/5BS47F4C"(/>FZE? M!*R\1;IQV/)2L!R4D6B\;2_S09]T4PI\GMYG-0`)A^;WZ7(]\Q%W.7>91[S` M@VX<)+%?PPBI8T9Z.]H>3G/!MPJ2,8WMRG9/<1V`Z,ZJJL#QL"KZ-EE=Y+,G M[6/7S;[NJ0JF$1J5E?),U)I?,GD2TXR@*/!<%@H;C!(6A@X,&RUV<:@C@AH? M:UG?)!+PK<*B*VPZY*AIEB5>].1(D1(K.O1$0(O$=&!I).K1!7G>^Q$974>Y MS.T$7.1S&CJ!ZW@L)@0F<8T>!DDPKH:R$N1_7#_Y&`7=,+$\:E=0ZV$:B72- MC97!>X(=@O:AY&:W#[-SD>G=/[FY M?A1C&]U?IT61+L3?_\BO=\N5Q%H\['-!X496[%\,E(O7`79BZ(A`)XX?^I#6 M**GG815I/1(TRQ+ZY-$)*'T"TBGPY^D)D'Z!VK$34+I626KC'/A-N`<:_WX' MM8>@=%$WCSQ6]-MST5\@\'KY[/_'7,1\D<_+$WE*+?N58__,D5_F&7B1*0F> M9?H3.*'OE,F/'>+?2'*.'.$C)S/']CX?Q3#3[0'EZ]NSY?=L@8HBVQ:?L]6" MYYLK8?ALNE,>GE&-;IE^%\$(GJ;89+X6*:22ATBR-_E%1TJAQ1A*M;L7,5![%^6'D M[M(M^)%M,K48'A[S*3YBF2_^U;.:Z4[Q>V7+`$$;0WTRA)OYL&-!=X.3>*;? M`/0X#R-$<<)K>S%R]39U=C5B^X^SLZ,JI42@Y"I]VZ3D/39L[._ZQUV6HJ$WH2.I#+H[\?+_5=FB%'6 MHD_I9BSKD40& M?I/8?I?G9TAX!ZM^E]I;ROL0JB9&`W&I)T<]:+2B2>^3U*)*!I@=B2Z9\"0W M_MAI:I.P,,^R1<&%>\]L/EZ(9T].?+._=\ORK$*1JH44QT(779&8B7]03)J9 M:^)PK>4V)NU:5J\:*I"/P,M1]W@"2L`G91G48-84-*-14%.X8P5`3_+,+Z6;9'\)J_6_:QOZXFV M68+#)'%0E%"'N0DC#+-F+PK&7.GT-(/F+.MF@Q)(F#)C*?;CMX':S()K]/], M M&Y\:@T5^(YZSQ2PA$6(^Q[$;,^A[U(O#I]V*R..J;PC]3QZB!;`?+N5M5!*4 MAB9UH.IC@;?+4H?B?EB"U/79+E'=I%B3,!7-?>7F._+:G8X1*&D/\+F))^*5 M/A[&[$Q\)7Y8_TC\<_W?)1:G`D4`4$L#!!0````(`,IZ]$:J)BSQ8VL``(O^ M!``4`!P`96=P+3(P,34P-C,P7W!R92YX;6Q55`D``VM*K55K2JU5=7@+``$$ M)0X```0Y`0``[%U;<]LXEG[?JOT/WLRSV[@3Z)K>*1"7:5?EXHJ3F7ECT1)L M3H^\N+Y(L M_>T=_`6\.W+I*!LGZ=5O[[Z>'\MS=7KZ[F__^]__]=?_.3[^5_CY_9'.1M,; MEY9'*G=QZ<9'/Y+R^NB?8U=\.[K,LYNC?V;YM^1[?'R\J'4T_VV2I-\NXL(= MW17)K\7HVMW$[[-17,Z>?%V6M[^>G/SX\>.7NXM\\DN67YT@`/!)76MEB>I? MQ\MBQ]5'QQ`=8_C+73%^=^3[EQ8-VE^4_/6N^N!1^1]X5AH*(4YFW]9%B^2E M@KY9>/*O#^_/9UT\3M*BC-.1>^53]_/KY]%$#+B[*JSR; MWOZ2NO*D*G$B1Z-LFI;%6?PSOI@XF8[])_G4C M)KD;G_I'IE=)`S"W;VA8\9N1N75[773&/_0V=]>>>LEW=^KM^HW;(.Z:&CT) MU`S&S15[$J_1N-]8KQOATB*;).-JS@WC236GG%\[5Q9?TW@Z3ORG&Z5LVL`P MXI[%N3=`UZY,1O%D9]E?;*WKCIQ[>^DJY\<;4!47UW:2_6B%?[.&AA6_K3Y: MM-IKQZZ]177%:6J\B2U_[JR=#^CGQ!2NZJ_*V:KN+ M3FIW46Z0]6&1KA[9;!)]H617`C2:)I\7[.;QN5]MEC.]%F4^6YM6+M;O;GSE ME[%RY+]*RJ2!=%NV,ZCP337N%'(9R4[%J"I MVE=5Z$2<1<#'HV_2TL\5I^EEEM\T66LVJ=J%B";.4\^*XLSEY]=^`ML@UJKB M?8C23(,;:O4A6*-AN+Y2%V+9.,G_$4^F[M.E]0OD=)3$DP=#?H-\#6L/(&@S M/6_7R`!B-V+!5FUT(?0G[X#FLBC<1@*\4+)C`9HI=G6%CL5II+"5Y3L3YGT2 M7R23)G[5JN)]B+*%KE;7ZD.PYEI;6:D+L<[RQ`]>WT"U`*S73)OG\8WU>A6N MF5:;5N]"U,\NGIBB6FC^[B9CF^7G\<3II!AEWLM)IV[\Z=;E\V#O!JE;M#1P M!YJAW[[!;KMSEF?^00W,TKHJ?8FT+90K:_8E8",SM;EB-^*-JH7#?$?-NZ#^ M6:G_=>2:N(7-*GA;&!=N%JQS:=%D8EI?J3^QFHWD1G7[$[+1:&Y2M1,1 MIQ>%^_?4CS_SO<$(7E6\#U$:*G-]K2X$^UKX%98WK["2_4F>?ZH6I6"(ZH4',AF1GG'6.]JN$.9?_B\L)U*_7S)KN4-ROC2;:>?_0D&[W4OUG? M+N/B8M;!:7%\%<>W'AQ(3MRD+):?5!:;'`.X2$?\R^+C:"%-L10GGA3RHBCS M>%1O)$PJ5'Y[YY\?-:@5(4X"!@(N$9,<5K]A)!@"-K3:&H(?=W-2)5YF^1+@ MWOJY$OV'T1>_2)QDQ31W7SSZH1?DVQH,6K88A2&B`$I+0P`8IWL\WYX]%U,JFWK:NM"?/!WU_=N"%UVZUVL2%%0B-#:D M&$&)"234SJ!7"*G`AH=K$M0TS^>[AA^S=+3XQV8P=FTZHE1(@J0?%,8"+00Q M`5XB!DT`VAN)/0STIMIO,=`[!/'!B.^3NF(79OUS'Z3)3\^[E M'JUG6IL6(T65`@90S3TH@$I+`E)CP_1@LU#YS(/MFIK#T>@Y?P=0S1"TK38Q MRGPZJI2]@'%+FC9L(9(0!=PC;`.M`;!(T0`N^QY`V-;NH3]IV;,JAJ#A:>K5 MXHJR'04;U(Y\EP&30"G-F":&JHB.&A)/_PG_7I4PQ#4T\GW9.R=[Z(= M]YI4CX0VDK%`8RJQ-,P2SFL_B7+9EGSD3_+UJ8>!W,:'>,T\B>W]Q$9-1)82 M931#"ADAI>:0!&K9>R,M:LE"^B<+^];%'IC8&+,>ULH1Y]Y!#B@/L?588!L@ MM1RGF&H,6S*5;9+[?'S!L8#0Z:3\" M5#+I]4600$)AH`/&%IH3@`JU'_.RT.%]>M@:')Z5C9B1B%M.@53^/QT""^FB M3U)+0][2CMS`+,BZQ;YG2]#RGH^!#,2+XFT>]^NJ10%E@#)&`R%D`$1`A?]M M!K^DQ*J-/O1@/=UN;[Y9`Y'A$@,`*2?2+ZRT-9*B9>\K6-[2P.^&!D_'?!]C'7&(`LFE"9EDH8)<0"L05HAHC9'8N+?2]\I@*?Q,%44R$S[\ M^>!?,R>RT6J@65-1$"!`,+::0,T)T2)`>HF(]#/0VUD!=$.,E4N`7O`>(I[U M@N#R+BD:#+$G-2(`.0`L9%284"),JH7,LF_5J[*SQ!@S:!=OU7'IV M,,)_$'U.QE=.^0=^\YY1F2<7T]G2RU7;H*>GIRJ;9'D\SE2>%5[6J^>%XG3\ M.;[)TOCY5RNY-3V".]?AK>HI5($T*X)LH":$*B#04V6&+`0B+? M3E+18%-S?_#OF8+WLG^,;S9/WENV%'&I*/2+86TYA91B@11>8J&9,F_'8O;" MD.8L[`#](9CXWL6%*^Z##V>3>.0^N)L+EZ]AW9I:$<126V8H`_Z/@!A3:99] M!%*V-7:OBV&[:3_K"^T6[F/H)MF/FSC_YLI))<=*;JPN'`D`0XDE,`($`:3, M`EN[)A3(MF'.`YS_^J9$9R`/DJMSD7UW'V:"SBF\T:ZLJ!%1QBU#-B"!)WB( ML&&B#A!YK\&^G;38H6Q*-TCO*;3QWG]P6KJ;+<-D=;6(4D4TY`A[=Y,H#;W[ MR>I>!J9MYL4!\FF?L;*V>`]BFVZRO%QL0U>7(S\>:NM,U-J*$4YP5:CLQ-O>LUMR3F>CE<9/HP"]-_-[UQX\5E>3_] M2)I?B.W+/KHZO%EF0??/CS2S!.DP,%`%T&L4D;!VIZL$T;=S!*H77A^BDMK$ M/-9UX['H[^-TO&*BW[*5B'F7.P1(A(!`&"HL<5!WBX/6B]P#//C4^4S>+]2O MS;RN]T%[?F(4<,L@11H#K`U#RKM$J(Y#4=+6A&Y_*NIUT?BPU-+":%;ON[J- MD_%EEL<+H6Z?72?\Q$2NK1-A*JVR@916"R2Y#J`%]6I/PHT7>:U@4O#&F=0U ML'LR?P^P^.PFU>I29<7:T$SS1B+#H<0X-%8)Q6&HC2!UF-//"VUW)/@;IU;O M2+>P.Q_\*OTJOG)%/#=ZB5_/IZF;72]2O8_Y=IJ/KOUB/;OT"WMO":O#))=^ M!1_?5$=`5ABFW1J-JBB5!0@A8B%&-)3"U+MR0K"V>;WBC=-K<.1;T.TL=S?) M]"9+;Q:"3K(XG3\\K^?IN)Q)?UL)G5U6)5;PK&5KD98(&!%HI16QH68!#>LH M/02X]?5LX/\!PX;!O-]#)!M?3KSQF,C+/MSS9M<<^MA0(T)6&$B@H2'&P$!` M9U'ZZM2-1U#MZR+6%R3^F)6-3G5MJAII%4H0,(:JP%V5C0&QJ7L,@\'.<_4W M*CO3^;-+P3J%=O#1U^ZLU@"#$+"00%1MZPO%>*B8Y8OSK5H'4FWW\C2(]Y#K#57B?TUK3S*:O+_>YRD52<^I??O M7BUDGLQRX*=Y]?:7F?8:T+/[AT4A5MZY$1;:ZMPD>^[P&^O*G'C<-X$J/I./&?;CG2.QHVRYN!'MP6=)8MCD=NOJVB2?4H#``!S.N?BC!$''F[ M+H3F2A`O$Q=T3PNH^>Y?@S=!/"H8J>J>)!EX(D&&(.,X$'+1&Z0T:#M'']!P M[D>Y3R?K75!ME9>Z^A6MS_)+GQ>-#,!8&B0U#:T1).2$ZJ6`8;CY!2BO1^UM M-9-UBN`0CKYVW]TDFZ5$G:9>TI%;F]/Y4O&H6KQ4KQ]")L18*;]^T34\V+*V MEX9LO98Q*>I7\.6E;S+E#I95GNS:[BRN7)$O&,B#+'4 M4&P#8K!$X;+'-*3#90#W?_EQ-[SI'-.]L^C>J]7.*\U/L)4RV]+JY=8B!I&U MRDH%J0%$"P&,66(";-"69\TS<@<\X3`$TSJ!>=_4^^C:6B]?,U*6$&VX[Z?5 M2@F_AC.P-M8,MKVW??M$V[=@NK8'=%CR_.XF519<$:^]N>_%\A&&`9:$2HF% M-\`T")2I?;[`RK8)B`>8RMHY4=K#.`0]JK,$Y<\/KKS.QO>47N<]KZ@142WY M+)^64::ET82%K*8^;9V(LW6.ZBMRH+N!<@B:5%FTZ])!_-<1)@&`(M0\J%Z) MH@*_!L!+J2UIO>EQ@)FD':F_!6J#[0IO//W]H%1D+,,LA$HI&0"@%0U-[:T# MQ-L>=#C`),^.--\>O$'V33>>_)]+'D*D2$`Q!6&@0L]5'M"EY`:KUF_MV#[U M\K6XCZV`&^3RJP9F-OEUG$Z^.8CY'-0BO-VTBHL;J4,@P((K34!"A MQ-+B80]#VXO7#BAK8Y#`>T]X#\VV[8BU[)/!U0Z@,(A1O\8BRB*U7*3["56T MC84<8!2_>S6OX5$[>(>@S+D;3?,J4G.Q=AOSOE3$&=$4>#<:`Z1AB`BJE^)8 MJ["M4W*0;Y3828=/-^M;8S@$#[ZF12,F/"H7"0$(Y0B0@$G!_1(\@+S&@IG! MWF7]VKBP"XI#L*%*C%^^[.Q+%L;INOR?YX4CHVR`F9(6!P9R)`0+=-TC00;+ MTWMMO-@9RH'2/P_F!:F4<:XQ`]9@CPFM;BI$2W2,9FVO@CW`VU2ZI-E`<`\6 M5'D@]J;(RH.B$0=&6FF0"!`5?K4`*:KMKE]*MIV]MMZE>6U6:D<@!UX)-5L! M189@:S3`0EA$J)#&V-K-A[!UVMH!OFJY2RJT1W"0Q7;YH(B&%E)-K96,!U8J#G2- M9&A;O\WA(-VG7F,Y>]7+?AC>BJWW`5@_HU/LC;F5P&IN%=>U)5>(#9:+/PSS M]D..C1QMJ8U!]BNSFYLLG8G\CW@R79?P\+1HA*#@7`3*`@V@IDQ;;.O>A*WO MZ#_`V&(7*GU^>GT7-%LDA)N[*N_T_-KWN%BEZQ?+1=Q:1FBH+*=(4$TT4?4J M`6JT\3S#:XH*=:CJ+L`<9/T_'L]F9S]/Q\GX-%7Q;>)]U@<,7;?2WU@Y(@H* M*BG2&@0$&L-"4$<\D.1M,\8/\.;?'NQ$Y_@.?*#XX5O>BM-T/AX^77YTY>,[ M:-8?)M[42F2@59)SAB`(E5'^#Z_A931H>T?#0>;\]L&RWJ!^V^?7`=`6<8Z1 MIH099HC_N\3"BLU7I;R>"WC[)5T/8.]GM;;5*BVR@IA0!=5?0?V:6%BQS&_! M%(5M9\8#C%'U0)^=\1R"(1^2-,MG*]'YZG(-/YX6C8QD"D,B,8>2API;6@=) ML):B;=K8`5YFVP,[=D3S]40S>X]B1IP`%80<><5Z]#$!S-;($?_Q8/G*;\-* M#:"#0\B$W"$#,L+>5C/#*2,8*:2$9(`L>RN5&N[MCWM@W%YBEAUK9-\WBYS- ML+]V93**)X]%>U/7C#!K"9:,,4R5Y=``-K_.B8;$DHW^0>\19:^&3_FL*^-9 M[.O,Y;-(6+,@\ZK:4:``!F%`M9&:5V]T"25<]CL@J*W7?)!QYRYIL#H"W1'4 M`V]8S*.J>T_OC_O[A-;3ZFFM2&A"&(%4:0M#HQE"HNZCI*CMS>NO-\U^ M9SKM"/%>:'1:%-/M*#2O$3'F_<#04@T!#;!B6!*T[!L(P[8AH(.,;@])GU;P M[H4ZGZ9E4<9IY;-MPY\'U2*#M36VRH4``17<.W%6UKV$8=MM^@-,>QR61.TQ MWG&#U<^H3?=8ET4CQ1$4(2,Z5$;X124E4BP%1(*TW68]R/3%7FC0$;([JGZM M0[*Z<"0I98`%-A2LNOQ`AIRJI9!4XL$2%M^,^EMCNR,!5KH2+Q>,.+$F0`@S M!1%1F!&K:^](^UX/%>=],XIOA>MP,8L:@^+3976U@9UD/P[G5M1:HNW"%,^J M18#]A[UK;6X;5[)_">_'1SSOIBISD\ID]GY$*3;M:$N6O)*<2>ZO7T`2:,`GHR@>1`-Z&J M=7K5S\O%CVG$5?_Z:Y6J'GYZK)91KO-[=;.>_FA[X[9[9P$!::'Q'`CM>(2! M0->@`CBZSFRJ9Y#C]86JH1$O84'$M[^;KC^>**C>/!0B/E1C)*TUV&OM)!6\ M'H%E\HHX,Z1X7Q=4S\6W3$C>_SSMDAQ]7:1BKG&AG%5-#,XF]?>B/STVQ-<% M1)QR$"B#G7#*:R42Q#O!0)^;"FV$?K6"K!V!I$KP_V6BR?AY5FU(,+]5J0#? M]-^GLH:V:1Y@%`%U*>^N`Y(Y1R5RNU%S;ODU);B^*&G>)$/N739%@C629:$G MJU2D]N&QFJ].<7!_@^`51HBD2G=2,ZBMU\U:PQUY74?^/6O%4;&N%VED^`6> MJT/].4EU/>HIRI#"*;)MATR MLBS7V]#^O.+W2.FO_QD\+"VW$BHQXK>LXI2RU?;G"\1VMQ1:;#W;=Q*HYLY[ M`JFSQ'%)%"&Z1@`R,GR,_W^FZAQ,0A?FZ,GLC2?;!B>]QE)"01V%3G-E03/> MN*CDA@ZTWT(6O'4R!`W:,RT+\,L0K$TREDZL:]-A4#)5&7=Q?1!684^4HJI& MQN+L"U`CW%=>A(@#R*!8-IT]BT+MD&U\M$<(V;J/(*&!SAE-#$;<84"IKU<8 M+F5V>N-1IKDHP,*A@"^2<*ZU2ZR7XY7@*/)(``6T,H1YR*B3-0)"LMS8B1'6 M%BKH;!P,_PLR<%L^H*>#OB.=!>@)<2(J?NB];17::5=AQ=A77\2*,D\OUCN]KT?'AXC7M6I\DC'&Z;D@QPB))UP6GM' MK-:D'BF0=>MW'I!O5"LS$U5W:Y\1&WK-G]3,6S:5(0Z'D[3OI_`([B4 M&$HBN@I9!B0%S_""8J[F$I9L2?8-*(2,P[DOU>-N.GR:_[%8KN\G]]7'Q62^ M^E+=5-,?R=%SX`BN1LS2'/3-XPP-TP!!@T#>@9G MS/?)_+Y:3>?+YDOODF2:"L_3^=UR$D?Y=+-^BL\LXL=J^O#M*0KAT)+82[\! M:LBA01%4Z$2<*UZ"Q@27F)1+)G,M?"LMDGPV;OS3R1O]HM)X*@]]@FP'FP4L MF.,`$:.CGC4(8OS"G:-\[J7&$::>*YZ5.%8:@X6#X7Y"!N[ML_9PJ'.DL>*2(L9:;N!&0W@%, M?6.@HRB'8N=<5W6JT!_BI5TBJ:34B0IO^QX/C"DL!<(JHH4LB'8V:%S84ODK M"GX?4N1'W!N92)?@SPL[^JX%?_8]'B"7$EGC!4;$(:Z4D[6=+>+>=?C+/9?? MH@W!H!ZP+LV@=@5'#[0(@A!D().6,0(@PU28>G8(G%_C^#VY^8?F43[S M=&\_9?/[=/=Q,;__6BT?.BQM^QL':+&U$G#%A9`$:VI('1HEB'6Y!!MAT/B% M%KI><"_IS_ATEUZP?NU#;K(6K8)*I[&4.`N\A]0!3RQIQHBR[V6W]_!?I_+J M#_*RM/JTO(UH+'_9:8)H?MN.5F]:Q:E#("<\JFG&M`.:>U9?2A/`T=Q;!>T= M^==.JW,AO]RZV*XFS\FV@0C"!61Q1VF<@!(`XFMOLY"4YF[?1YERZ.+K8C[P M&2="+U^AYO>7ZOE4/5TV/'`JU*9I$`X30BP&V"*(H=+6@V8`G@WOF[^F_=1` MJ)?63R\.%C:'"7L@:JFM6O04''0>&HZ)4MI@`"#89.+?;@$DS`WU[^R4OV+= MU;\8QN6;[\4G'[AURGN*HD*/.P:DK,"X1B`*('<1A>#='`\-P_XG0Y6=6W3?L@3$K:[JU`<<8QP>/&53^; MW337B]8YEO%Q(Y;(@^7Z6IAV'M370S&LH)9.&R*Y8$HH)4BSG^#.%TM_O*68 MFP]=P_-B!.L&=)'<6D^/C[,-&I-9C<:'^=UB^3!I6R^G70\!6L<)8\"E6](( M0F6X:OP\,+MTS`CC&@C(@R8%F3$J$*+`@ M9:9N/,[&L&NJ-M2W=-]DU3@'V1$2,ZV0)'B7 M(#]J!\M/GCF\]X4!<:@YYY@Y+)SB@A)*Z_$C"[-M^8NH]];"S%3OW<`JK=YW M]QI/5`0[T"(P&0T[+BE4&!!)`(3.UF/CVN7ZMSNK^R+%&/J6]Q&%GX_QA11_ M?6%C6P!S-.49#I>H;:?ZCY2XQ81RQ:W4#$M)+&98:"$IDH(R#^C)JJL#C_WK M@?N8^Q\,3#"8$G+I2"N/7/Q'XWHT3NE0"DA M_%>O:1#K!`E+&HEG%F_EDHGB:)4O`3N-^:_KM*;U^L@$VQ>4^W349N$\SJFM?@0!#L1`\ MFD.(2LNXI@W*T.!BR5/?'1S`$R&AF M/O?#-9$#PBBH>]6V]YV)8QN/^.O_Y6Z_5E\APOUC^/5D>]\1WZBEH MY8D%*5;!1CP@=9[:&@LE8:[:&:$!=PX13E8TZ!/D,FKH]?O&,;J,*_9PJ MQT5AKK>[OS3YOB[V:]FCJJN/+PC,*RH4],0;`4E:"62]]G/$;&[:O\[T+!4J M-QBSWFC%"XBGT$V*3M6`L87>*8\QUU#$+4&TFTD]`DE.']7WM9Y>ILK&,.3* MAK<$00X9&W_-(R:;$]7GRG(VSOH?4;0_JI5:3E>1^?9IF:;(1AM$2_C3W=?) MSR-$Z__+`H9>`<.BK4UH"I*VULEFRD&3FT5KA)Z-4G2]N)!*T+ZYG?O"\YRB M%(Z0]U"3H`C3U#/#<+3)B?&(T69T3(/A71X7+=0V#`E[`KN(?VVV$6EUN[\, MK/N9/AZ++6C706F\\GN],YLYC/JYOT2WKB MO[>Y7U-!B'2&=[.)QMR?Y:38=P<).&/4"0TA<(Q@:TSMB^<"@]PCVJ__:2N&(KN[K*P*G7AD!!%4. M8.\54:11&TSXW(C)]MDUKG`+>R'A_+]7_MGM"R`WRJJX\$$`I4=./*^&".'L MV-#.N3K*7"]^9T[Y;M(9UX604=T''/!V2&0']LX)A1QSTF$HP.Y2F308D)-Q MLZ7T3ZL!'QRE4\Q@R8A64@HNHH5G6#U*AG6QZU]%+XCW(?63BB$3XL(!Y8U3 M,YI8FVUJU*"S^.-8`$.;YH$0Q(!U2%O));&()CQWH^907M7EA/-%?SCVO"^$ M+^B/V9H_9[@`7W40ET\&+3(&.6RX,@["..;=R(54N:<;HSP1'H!=@Z"XC2(*X`%I2QC"*-@5%3M9#HHKEAA*,\&2V M1]H,#?/%-5-_KN+C_04!E2.,0F@YB`:`UDB1&A<0+9%2@>C7J+=Z`GVL?N%M MYY?T#F\[#RJ5/:/`6T\AL1`P`YJY;4!V$M#.0?#OC,/C%M-E/`S;&)Z4P&U? M9,\E\T]LWZ%YUQ8F]H$6`5/&K8UR@-:2*`$H?/QH(E0QHCF'D4KI3IO6F.E,:$2<8Y9;*':%A=[9,WQ0I.@O*$OND MY_+TNY<]GCMNW^.!"8D8=\(!H9&AQ`G8C`HPDKO)'B%!\@7ZAAEGXU@L,/?3 M8[6[#0]3H76OGH\0$TU8MH02!560C).=#TJ;$\GW7D_MZ-Z8T`$,]3S&TJT2:-ELW;,T)S+:'NAOC@.;Q[U!%9V)7Q)Z_6:2.Z M><$6>XJ]SP?E-;(.(`D``E89@N/*6H_+V2NZ-]GWQJ(//$ORY-5BUX(IKUH$ M`(SV<12(8.<9(EX34X_-J>RHNQ'N,8[0+X\&@+<$ MJ?Y1S>,N:I9>]/9A.D^A2)N;0JOUHLQ10V;:V2-T/#NV\@Z'\VB#*E9W,(#%'11FT M2,YH"A21N,;#.)-[A;]].HJRUYE[I=70:)=GWX_)=+8=P(M8TUU`JYZLIC>M MN7>RI\"15\Q#A*R`*B+BD>*-0H8VUU?0.7G$^_,L#8MTL4W\GBC>-*`S[7`X`;Z%;JJ_?N`67CK0*5J?K MO2`BIZAU@!@%&\-%X>S%L7M2A/>GH_J#M01UW&0YC^MTQO-9\VL]L;4)D=*()H=V#S*6JE]$ZA/:"]&H:[4"4PXII$S7`MMI!#` MZ=H\<8;P*[HLT9-\V["F(ZHEV/*O:GK_/=H[*D[-R7WUSZ=4VZ2Y+/NT7JTG M\W2AZQ2+.O43@(,ZKM*.VZAE-?-2:U#C`/(5T@A=YL.P:TBT+Z&C['3VE(;3 M?:%[U3(XS3A$G$+##63.,`M]/=8XU-S(2#C*T,BAE[KSP+T@D;H3*$!@K$,2 M&<8X((7?&"ERWE=NSIB.P%%[W="[_1HMV7O4,]!:<\,0#&Z:@Y MEX@(CFJ_FQCS>S=?3]>_ MTIG2;+%Z6K:*ASJKWX`,Y#8BSS`GGD',H:\WI]ZY_*K<(SQY'N8@L`SP5^Z, MMY)AF+*=*.:34R;5?:H7"YKMC!^QIV)PUISKM.\DD6$3F'@3B MX>>KK=91QZS>];354=TYI[ED@A*"M4322(0-(MHB3^!EINWG25PB;J:/FV"W MFAX?%Y/Y:E/6]E@PS_&6P6CEN50B"U"/5PF0&^$S0F/X7(&_#O#I M%=B,G&YUA,>7N+7]\^_)XX?;",+T;EHMU<_IH31LQQM%C6(!!T)90X'SB`'/ M6?W24<-<41W?WL2W&`C<7AFQK8[>F1-U4?64R,-)3"QG4`..E6JPX-A<02:# M/J77BA!9R&90XL]T\7#]RT]_5'],9[,H@+_FJ^HF*L#;K]7R(1&^^AE_7U>W MTWEJO2UY?X`IF;T%ZZF7UEA`#-41/6E('"9A2CGKE2AFZEV*0%VEO2@->0E/ MP\?%_#X"])#6X:_Q6P^L4L<>#TX2#XC@QGMK$$C>0UHC2)@]N3M[/Z>)?:]/ M/<)Z";(<7,".-PB(4*^ULQ11:CR11`+83#G&KBC%_WF"/<&2+#2SEJN-9IO, M;Y]J+7<;7^'$HG2D3<#"`DR((M!)@!'2R(ET,@`1UHZ:*SKL.U=FBV$@+:$M M=N]KCU'EX+.!4>4X8,AS`@7WW$'@:X2LHKE&SP@7E9XHTA>4):C1[)9:D6// MT\%[#JT76CJCJ0)QZ\8;=!B1N1&Y(SPKZYD>YX-YU@KRV]=_G,ZK#^OJX9!? MY%2S(!UTA$CH*1``.H$PQ8WYQU3N.C)"%@SA&>D9WGQ>I&7L9E,U[G93GF%; M^N\X*?:W"43@^"_%6CDAF!;8D69OY;S/K3(PHIU%OY)[2X=>@#V/"Y/-D>RR M>IQ,;[LQXE#+8(C[/_*NM;EM7,G^HUV\'Q_QO)NZF2259._4?D(I,FUK1Q9S M12F9[*]?0!)IQ]&+$$G13M54Q>4A8.#T0:.[T6@0#+VFC'CF(&7:RGKXP++! M$G]>-B\Z@G<($R/-^\VB6BW7*0 M(50)RKR#L$%6,98;!&F]%?5YLMH+Q7K'^C)=]#6R/.V[\Z^3'YOG1]HII*/- M`\4IZTX;*"3SD%JA:;-LDM6>29H1EGA:YI;5&5$ZD5S74-<`9VN>_GX9W MSK:+3[0*#$H1G7W&,4",.0:8Y/6P/7"Y&]2(JH;TIFNZA3:#$?6ATKLRH3^9 M;W,65565J91V'N6 MI37P-+=.UOD%0UXNGP9%?JB#H<^[&-4?DU5<&ZM947TL=AMR^E^G3A5/-0]$ M$VAY7!C*2X6D4=(T*4%`Z%Q;J7V9D)?%MQXQSE!D=3`S*=*'R?)NMBBCP_+V MC7[_<;F_'.09K8*C$A(%%22$4L6I@^)1_R*>FPHSH@H?O:FB;J'-8$2:@KN] M3>]3IOH0CTKO`!<.?A^4,PHY#!5!0&N$E0.Z(2_1V:&_]D4Z7AX-ND+U$FOW MRV3QUS3^.UO=3J:S^48_M;=^S^LE0*_B5N8X]M0[9@'GL@EGIF2R7++\#H'B M?K$>TE[9'*#LKVE]N%&@4*NH:QVCU#*,"86^"5-AP5Y1RG\W@CX:/;X`V:'=)?VC M'FP+!;2_8<`64P\PA#I=$@3$>];LU<*+;`Z-Z#Q\,!_I8GA'X'=7[V\_U+'Q MCT5*&[E)-_7]K)I.YO]33(XEW5S:=2``8F.C1QG1H51RAZAKEIV!K^!^0M>T M:>>Q=RV!D?'US>)=\??J\_=B_JWXHURL[B\((!WO-P@2X?!&<0VXQ8PPKIL] M1Q"8:[F-R'`;#U,OAG]T-$U+[?/WLBMV[KH+RD.G$.?`"J6$QD[(9O%J``;+ M)_@]2)F'^CBY&/_Z,1\DK\.0:D<1;SV1QD`2_R6X"0U;)7/O;(PH56%T?,S` M?92,].6Z(TOSL;_@`.<8"V`I,=X;!Z!J<.$R>],>49K#V/B8`?O(Z*ANH[0V M4]E_*GYIEP$"X*6"4G&#N',&$]M<1Y;&\I>?8S$>4EZ"?/]55S99^2^[Z(I2 M2'"2K@YYQ!2D3FNQ*V3C!3Q]JMK3K;+I?7&SGA?O;Q_Y\?[V*6\VT)]3-*EM M5T$9:HBA7%(KI(`6*4!K1"3#V<\`C&]Y7TJ)YW?2^D6Z[^5<9]X\!IC3<\__ M5=S9PJPO;LRV"P!(0" M8+EVTBN,+:&[^7!$5?8K+2]]69\MYX/+.@??EU+\AF-I9'1S5,2"(&-I]HL8 MXR/(98(]K]A-.S1?1BT+8A#"A%EKF($@ZEFGX79.RF'B7G\UG+.%>D8MBW9@ M#E('9_VE*OZ]CO"X5#7NC(WF0(M@`&?&(P$@$QHCF[SPG<:5%)/<,Y@1'E1W MM==T@^256')RQSG8)G`&+/*&0<4L3:6HJ=7U_##FKZ`,1F<2/LV8+$RS;IUO MJDK>'JDJ>4XAT-/M`Q560D`-]$9*`;1'W-93D1#E)A>\#'JT%>>O=3\[1SB# M+'T4FG94*@*QHIY+JXAQSM6>GG1`Y>:/CC#GY-+]I7,P.V7`A86EHZ+$F`&C M)&12`H2D:!8&,*\DO-F5]%H5EFZ%;`8EE``/6[TTVXTE7>*KXEB.;ARGFH6X M>TKB-=7>:F`,@@(U:##K7H$YT:W\RMZPS2$%IP=&\%.-:G*<(JTZ"2PY<"Y= MWS"I4H]1P,-Z4H*JW*#'B#R5_@C3)](9]''IM;\?60;I.4V#9R](!PCH9A>=O.B68!:L\=8#K:R]I+!CBPM54FO8>Y MEW1'E'/:GQ;I%ML<4L!#>NPX*4XT"TA99:!QWE)C(*;.8=Z@0;/OV8XH\;,_ M4G2+[<^D&'_N8F^XCB@L<-AZJ#+MNZHN$HU5*@Q-G!!<2L(-I*8>NE8HURT< M6;VG@4VZ/'#S8XMGOUASW!O(["VD8!O2(!T#>F&18Y2`>IK*TMP$RI'5<.I3 MQ_0,>7_NY?$WK-IU$BC2%EM&,'8(0HVYXZJ>E/$^U[T<6<&G:[J7>4@/H)CZ M>0O-6.,YAR!:2$1P08U"S;ZL!,R.>;:N'?4BO=!A4!_B%':7!6>+:G:WV$KS M^%']_@:!8Z,$MQ@A1PA42A#4>%>"^]R@QH@\UZY/ZCL!\CH4.7E.?ZA)<`RG M=!7E,,2`IO$>7J?.M0D6*`%=%)Y:P0TE$*B&L^3&)&;]3ZB<%K7.U5'4%Z+*"=W MJ\.-`G)<<,@%TH*DU$I*66.P&0)>42[SY4(^@S59J`[!F_>K^V*IJJI8'8X: M'OPV>.00A1;$&3C-)6'B\6C!..L`<-CQQS,HAG*]I!%E"?1-E$LQ'<8`_O7&V<=9]=<)B^58LY"> M/8C49]Y+8!B53NHFZT$YZ#.9,Z+#JJZME@[A')8TIEQL[B&>E1%_K%D@6$!/ M>:HDF]8810@T6[?A]!7M2]T(^R"#+L;VK)/C4>-Z"02OP@=]'D@^:0/L;Q`L M--Y"IQ2@R'H3=9MMV&BMSBT3.T(;H!?R=(+JL`K][9%7GX]\'8"FEEJD-0-8 M0X$U98UEPY'(9TD=X-W/B1GX MB2+8_O;)5']^_6P/.TZT"%)3;4'\CSH=%P21`KG&U=$Z-SVT]=;1YYEMEPSI M%L\N54.Q^<5-_'UYQEL_;;L)"F!D&*+2*$8Q9AL]6I\RP==42[EW1=(-Q!G< MJ1,)QO0$9IRA\RB:WTQ[3K'!6C1*U5&2:Y&T/N5_*0IH<,B'=H3,I+KW\_)[ MRS<.L#Z4E3;$"A? M*UA?_6,R6[PMJ^IC,2WO%K/_*V[>+#;'#Z9\B.*\+Q;5IL&T?"B:5R0_I'?4 MR\6[XGCIX>[_7%!2.*R50A99AJ!UTC7!C[AWY&:9CSI0<#ES1R"*G.SSC?E0 MWL[C()?%=#ZIJI3->I.PFDRGZX?U/%D591KS].F89YLQIV:KLK9RB[^_QO]Y MR%CLXT\%09B)8O'""`JY=9J)!B`#LKDZHAL171N0(Q!#!D]_MCHV4W#5:O:0 MAOJYU,7')S/Y7-:[B-L.;_MH$D0'W\'J^"\$$Y[ M^BL9>V?4[G6,XUT$S9F'SGN#*7+4:DL5JQ&`1+V"ASY[9L;!QS(Z!7X([_'$ MT-\L/D4Q%^GG]%#I8K*8SB;S#V4U2[)OW.(.V-GV+P5+-4$0H*B?N>(BZF34 M",MX^@K>`!T5B7N6SPBX7GO.!V9:+&_+Y4/*">V`[>W_5N!>,V4-$8(HFQ[7 M@1#5>&+%<\_61W0D-BJ^]RZAOBVZ;]%Q_IJ&W8VUUG1WTA[[Y6Z"'/@V,`"L`1A19%24I)5>Z&23-3E!N;13U M?9_\(@&5G8(XV!+H]/6>2U:"Q@(K`IA&RC!OM*)D]TH:-$;(UK['WB%&Y31- MF-U%W?9^.EU_W:#WYWVQ>#(D4U8K$U$K;G01%:N9?)VM)O,4+SXPG0M[#9)! M!"VFCD5O5P%B!2./4\>#/;MRC?5UMMC+:^&=$9-Z6RSN5O?E[>?90[%YVO/# MLOS?8KI*!PWSH@O*=?@7@H.*8661!@9"S0#WN!&!)B8W0#JJU+,NZ7<]['O> M%/G\Y)#;TI9ENO*O[PW)F*OPK;T7TL[F9I4(O5N\G#OJ#SH4^#H-'8 M0(QBAY2FS&&D?#V':#>_DGKEW8JS[!33]NG"YW'"%.F>Q/Q-7#=__[/X<904 MS[X-PALLA=-2`(4DM-%W8O4,'+&OX&[I`*RX#-3N:6'6RX2(GU73R3R]_>T6 M-S;ZTP>8<>CS((A76AD$4;IM`[7#RC2(D.RZ.V.+?O1%CHYP[4MM_%G,Y_]< ME-\7G^*.72Z*FS=5M=Y[-^UDFX`I,]`*+10G"%!E)>?UC*R'N0>7(RKD-8`: MZ0;43Y*$V>?1NX3T$)@FV$0A`#@-7UD\>&0Y%[I7A$ MZ;@#T.,R4'LS/K9*[F/Q-:6S+>Y2X'9]G!W[FP1H,/.*4BZE`4K@E`=0SX3G9YY[O_2Y(@@VEF'NM1.R80TEI/7*,7.Y> M,J)4T`'(D`]H;_M(^?!0+CZMRNE?G^XC/-7[]:I:318W48D=WTV.-`P<".R% MQHXXD&IG:HQ%@Q!0N>=+(\K0'&)/Z0[A[ME3S_W1R_+Q-X<,D`-?!V>T=XXB MCS5$)&Z.6.^.T-(]7Y%]#CFBQ,M>B=(-KGVSX\/F$N[Y_'CR?7":.,@1T]0H MXCT&@+EZ)A*8[+=@?Y?X:5?(]L>15&;F!"W2)R&=/EA)8'2YE,(`<6YKC6)F5X`9O?"5W$D-QM>SB>'[(R?ODDCUI1S[77TL3W2*AI)]8@Q8KD1 M<_B[1$4O0;._Q;]52,?CY'N_#9@P"S125F)"%>'*ZSHZ9XU1V>=JOTOLLPM4 M^SV]=I/E(IJZ51SAQOYM>6+=31[M\T$<.=8^U23$+19`+!"E0GH!B78,[E(# M0#313KY3/,P,S\GX/=@F**009<0R(AV(5@27W-=S),*]BLRG[@1=]@/KL.LR M+^%P?,O31-4G'#3,"T>`A`;A6FJ8"G7RDL4P,]23:C;-F.9/[0(20K/(4BJ1 M59['J2)4S]4:GVU,CV?S[$[<)Q;I)<`.<1/D7;':5D!(&?[J6URJZ5[CY_)) M>.F^G$?Q59N9'*%4RYX"%QXQ#[FAS"`;#4Y"&H0U,Z_@ZEW'G"B'Q'L([OU9 MI!?`BQL5M^/)7;&MV_;^]I=PYBGFM>HG1+_6I+LQ1%N.F(WNC&EP$#8[4C"J M]-=^F=%+)X4O'B*LN_&9.=5=-Y6:V71RM^G=,L0&"8$JGN7C0HM9)*X#J+PSDN M6Y>;Z'BF?T31K+=FS)O%U[A#/,[AG,7?JI^@(LL@0!IR;@10SDA?\]UY@@9[ MKWP(B[,;4I3#P7W5Y7[-(ZH^5KW%C`#@-"1$<:!20<7M338#K%;B9/)#SS/5 M/YZ^*/J/)*JXBVQVBW-F?*1YT,HRYJ@F5D::24IY;5D"ZZB_X)7$*ZS3L\5X M:)UVA]00'N"383]1,,FFJ$Z\MGJB93`&1``)M0HH(K`V6C9SA0ID)X?USHI. M!'B8'1V`-2@Q'A=)JDR[+51\?;RI5T';P6#"E+!J`7& M,R)IXW1!SG(]2/3"?85!T!R$>WOB/\WO-B_J5?LF>U9,YL*N`Q2>Q/W!2ZR] M55)33QLS10MR0?1BM-JQ=V(]9_2P,AK&E*SNU>(F_>/^O9Y]F\S3I-2JME!. MO:UX5OM`HM&"E5/`2D0CUAAY5\\;#U@3>@!N#D:17TS*[@5Q/0+N,4A:DW!/ M'P$P1*1)+WP#P("'CHM=D@)PVL#V&B2S9:K4DDL$Q#.AP\'!\!9##5`.22\ MY+ZVA1R6,K=8RB@=SP9G4-?P#Z&^4D'O5".TB$2/QO)A>FM_XZ`EQ9IPKKE" MPJHH*T&UQ!2^)_^RDRFLSF=A"-Z]KI'W4G?E":;#JV+OZ"$0HX21/$)H/3?0 M((!4+3N4*K=>SH@2/9Z<@?U,Q M4>,F$)BK#(OQ27$5]/IT6EYMNV[>8A+L;!4LTT,A;!)5' M1FF-%*D'[2%_3Z^_PTYRU=,49/#FC_DRASG[F@4,H!2(:\.H-@!(CX%N#`NY MOPK%&6FFDW&GXTDXACV7D_E_K^)_R]7UY.I9X`PVM>PF0&^B*-H0@J/%8!00 MMCE@.TP&.ZW^%.SJ9U*&,.)>U^UND-IAE&W\/A@,@0!*0(FPQY@+#ILS$G,\ MUT_NW$ZJO9&M2_1/ZC!]PB"I7J(D+*'2>B>\9T@KAZ/)\>2JSA70?N_;QFG\ MI0\)D-C310`<:B@XD(X2PQ#2T,L:`4/Y.PJ'ZH8(!WI<9^+<[QJ_6'TM%D\W M%"=9R:]^?XL%O.'KH!BB'B,1;37$C+40DN>(LN0Z+TX4Y/AJI(>%,^UN&&PT M-K3&W%!HJ4`@2JQJ:=,UTE!K=(B'BZ-FN^H1UL&6Y"ECDHY?F089GNQBJB@2 ME'B&)13&""^)L%@=7-RW<[G^F%_-)LME>5VVRONSIV603G'GJ1-17HB8XAK2 M6MZ4*_7][)]'S?;VE=D!JL.PI-5#5\C&OWR=KCIOI'TY2W6![*NZHJZOU[7HV>7(@7ZS*_WU7?;3\HE?\^(FC>WW=T6S;D`_%?%^ M*W9M=UM:!.$>L8) M\PAH;-(=#/>UR(#KW/NG]AXJY[Y3#3T%0^Y;;Q9)NZWKQT:!,D,\%=1!CZ30 MQFCM:@F%8KDD.[R4Z=GO7D>#.P1]?J3^HWK=KL;:-0RI%&<\63CKJ,,"<444 MKR65*+LB[HCJGO9-HTX!'H1*K31K"V8=TD]PA&!H@!<*`F:%X];4\$I/6>[; M?_N:JN>^*0X!^VDTV>X]<./WP3NEI&"$1GO2:4IY-#%KN:!"N8'_AU==/=OM MKPM-0'_%05W^MRT7Z\:?9Y*I(!]"=?B(']A2P M(%%E&Z8AL]X[1(R3S=I1/%=EC:EB:]\DZQ?RG-/BAE_[,K)E^RO,_,Z"%O'< MBQ#"6%J*I`$2-T=B[/)S-_X$5^6#H=X]M:)VO;CNE%^[>@PNKB&MHJ14(JF) M(D@WBCSESL@EV>&NO&>W0PX+_1%,4Y?5??'K9/'?8O5V@'L8M:-E/+%H1#%A M<;$`!9FB5#]V_4)^I"7[$]NWL7CNV1;CY8?V@1LK,`IQQA"%BKE('K1TAKI[$R[ MA]^QGYW&ZAK<@2ZF-M%\DPB[KZO:]A(4-A%)R@WEEK$4H(WJ!:24AME.L.UO MW\]]9^P?]5.IK78/@V]:!.0]A@1J)!2/N[S7"NM:-J=0]C[8_IK];/?!;J$= M+->+FD^?MNI7=__5?+F^+1:?B\G,+5-L_0XFM>\D2`6`0.GY2F/@L'.>UX@J M!GSVO=7!E^X#.^UW2J_>\!XZRTM*J.5GU;=_%M.;YRO=@_.\[.PC(.M(JAF1 M4@M'X]+HE&GD67ZDLN])T<'W[^?,M[[@?E])A;0`DJ9RD:FB%X%$XL;A0QG! M]A:9V4:UG^!*OE^H1Y%E#V#@`8[C=HQ[ZP2A#C06(T'9KN/` M(V$]5,Z"5$`LERL_R>UY?U`/L6']4E73;^5LMF-'JC\)5%--L""8`00C[64\ M4M2\E\1DI]KY"9S.C\1R""9\6A1WDW+J_KXKYLLBVOL;`M0WE=[9T2PXIVVJ MJU(\UH&BZFB<>0,"^8!-,!: MWMQ2,)3-D9_(+SP?SL'BZ4^8LN;X<'KF';`<*P(PPPQZ3^I$0_%7,GJB@I[? MQ;*9R5T9Z5O^KY@^:XSO5<5AJ3".[3JD*R":PEFLE$0KJQ4F-6(&9`<4G4VR MC-:,V16?V#_P`RS_#0G1AE_]KP;Q`EI;9;"S<1"4`RF-QXYIBA$BI$D;QIQQ MITR"LW'@K3/A[&X=*.#1>.6*(::-HH!2#6JYF6&YL$=T6#3UMTIU,.N MZ9/GR>EQ:4-.H,!6&QGMIVA9ZTTQC-0YJ73V-`^<::4LL0XK MD3+V*Z]X+;G#](C%?;(%VGHR]RS0#O`:XASVF.ZY7#W8ISO,6H"''37?6"[R".1=/[Y$GP>4\XYBGS3Z'[1L'(I1#1E)I4D)@3+5SJ!9"(Y(; MZC'6!XH3Z:;#D3ZI;UACFAWI'[:IGP`0DT+[.('26DT8%18W$#.0ZR,V5A?] MOBRE/D'/T%7/%[2K8CZ9K\K;NT5U_U@?:E&4MY?KB/1CXOXMNJI=XQ#7#882 M:)ON=BGU4?NR6@@>_\EDSLA][_M06;T`/MCSZBM$]N>\V=(B8(D]5IQX2)#V M1J@S@&<"=0CBJ4VWBOHH19&8=%(0[/]Z,>: MNV8HLAR(Z[`W^Z=^L>_Q8I](+AB"%$/,D)`JE4!^>E"!EF.ZU^.QE47P97U[ M.UD\7%QO!';7,]P!K8/6.FY,PEE@N)4LI6W0M2C6XL%RF(_D&:[US%9]0]WO M8OVT*.=7Y5U+^O+93DM)XO(OHO% M(Q\_S._C*>=1DI=/BZF+=FOBZ*?X@ZM=KSJ=]!\H%QP#'E>38=I@XPG%-7;2 MT>S$8J-4,\.RK3K]?)U(5YW4=^`L5);!$G%AB79."F4!$>3Y`&J%5^)@#X0M MALH+R1ZWO*TFR9OO`O+:<*DMXUA"`HT1'-7#P_B8LG5C7MFM)Z7J#KM!7`:N MOA;3]:RXN'9_K@Y+;AVNIV4NXJT[.[83"-:+969I'Y"O5S:9V/';=S_C34+;N/V\_"51%&@(F M,4)&>>(LXK(>KX0T.[W1>.;ZJ%FJ.H%M"%/$5(N[:A$/`_^JROGJ/Q&0]:+8 MNGNT:!50JG/@*5:>`JED5%Q2US)RJW-=)D=&C;QI_>%2I"L8,ZP),UFNREDY MF7^.>,?V7Y_VI)V6P\XV06-K4HTG32%$0,;?QDD]9,+V%\X>_P9P],QW#6+& MO+_>P#Z6\^+#JKC=YL&Q\=M`*-34FKC)4>8Q<$ZCQCR)>C#W<0:/<[ON"H>, MJ7JM%K9-T7??!(:X9DA+:;2+='3"ZTLS(N7;P714W:"7,:$?B^7R M]Z^3^9]?J]GLX>+;O)B^'L'+^37]U6+YM;S[5"RNTH1L39AT3)'!?01N?30#8+2TC!5:&&1M([\PV=&@(PJSZ(Y\?:/; M[U/M2RK7?Q:SJ:\67R:S(KG95"F?V;J87MP5B\>.3_-JNWDH<1G'O[BKEI/9 M+TF>-N^S!_84N,1.8"$=X0@0(:60YFF6XD_%_CB1WO!X-=@/\ZO9>AI5UV;A M#DP!Z<7$9Z8]/;]###3LIHE,TI/45. MIW,LQTAJ9QQ`T#,B`6:I`*]!Q%B#_8G23D765;=%XQ>A)[,4L?SE:U&LHBAJ M.BV36)/9"_V6^N$@XFYS0AEX!,%8IXF$&D&28H<,P1K5^$/E!TMQT_]C7F_, M_"%H:XPS-X3%_FNU6-U$<^\QF?[%_$7WV6)YM2COTN!_CZ.YN/ZTJ*(T6Q\4 MC^LP"*\\D,Y3CH1+<0OI`/.,#,?X'7D^C(YKU0DF\*343NX`]=B3)'N]=@[L M*6#EH??0(8,H(E!0F1X7?#PC*AT[MV_+QN2".XBOZ_IR6?RU3@YP]_%?2=Q] M;JR;6P2#!%$>(X>80QJ`N`?`6K:XXO3YO^6>RX;:S0R=B'U[]\:M;0(A%"K& M15Q6G%@*@+7-`H6"#Q8".(`SZ[$SO)\Q69AFY8MX4K3+:K9]G]K\8?`<2`L< M]I1IYR&WRC4+Q#/_#AR'.IR@JD,HQ^)`BJ+\[QLW)ZUU2$/->`(J"(E\A!+&&SA-(?SU^-'#5+VUQ3#X-MF#Q6?2^2 M/;;Q,`,(4=%#++6#9&@5J9;9 M8Z!,*0-]5#B<:^2]Q=0T9VH$!XO(?P^+X3"R'?,FFSV!&4<,=7LY62XGTVKQ MN?KV9X3Z:[5>%M6\N%Q'O.,0DQU0@_L)%!#+A$8X7?D01)W6M!'- MJW=@60PV^=5P\Y!!L=^JQ>KK7?*U^WUR>S?YLUBN_O/!S"8/)OXQPC[[=[FX M?)C$5=J,??6M:L9[5Q_()K-BN9.#W?^B8+TU3@-!0,H*F>KT$%N#8Q%Z1Q=W M0Y+TY!,UR.-"-;_Y6-X7TR?/TE?N*Q]WQ(D8EGCLIF[WLY6C9]=I)5Q MD'^K4/-[#%Y1;"3F&'N&C%)`.-)^"_L M3E"[O5'`1K&X'BR#UF@)XI^<:JP%`]Y!I,P0!.H,X"$H%`=W5133I8\0?3?< MAT_1F$AF1(K&>"S*OH-3!_02=3"S6L3U`Z/&C?]2PC1W!09DYT,>X4UDGR3K M#_$,$RLJRO(V95*\B=2/5F,<3W5=/1F1\YN[[5M:^\9!:B8E4#P].4+IXJG& M->Y86N]WZ#X?J[XOPZD7H#/8\DOSZY?5=23K-C/[A^^"-%PY[+6`T6[#R"+! M7ESR%,J-)!YA^8^^.'`LID-%M?QHR0P:M_(RD)?XPUJ__A8/U_OC55KVD([6 MG*5*M-0Z;`EG]KGFF`%$>@1.$Z?RRD?VH,"WG>T",=1[0BQQG$9%HJA0JI85 M:#[8V7>(J+;.Y[_J#^GA%_4I8]*&6]N:8>H$9%`)*3R,!T;ZK%I=-,#47E>C MGAPHFZR6&V]0]L2/M6@=<#0RD?,``R"QLLA2(FNY==Q?WL\=5^=,V)J2MBNT MASA3?I[,;_:YA#??!*N`U,D*@7'T!E#!#*K'CZS(+:8T0K9T.IMO]X-,/`?C MP]Z`DE=?!6"B28JLTQPIBG7:PUB#`O=[K:+SX43&O&V:^2S%K1B<<.`*[@>Z9-]].ZH<6`60M6H>X M9SHLN3&2*6(%3!X[MVSX7DL8IB\NG"%[RH:I%W%WTHDW;@!%P#!G'(&0^ MU;EEO-F=/8>YS^PCW*GZX$5?.`]R$MZP7W]LX?:XLUWP"#&``">8"R^%QQHW MVM@K^8[<-GJ]0>D0XY/:/'\LB^OU[&-YO>L>MT7KJ&H=-]#%`XG7.&+H=1TG M[`P0[!V%R70T]VVMG6R,A^"5J9:KB^LOQ>*^O$HO-7&NKLKOZN-NK-6QK5&( M*Y!)QK!P#BCFF5$4-&=1DQUL-<+=KA\6=0;ML!O\:@[H8OG44;_ MG[UK:VX;1];_Y?R`/;A?JLX+KEM3-1.G,IF=1Q0CTPYK9-(KR9YX?_T!)9&^ MZ@:1%*7-2Z(H!`5T?]WH;C2Z6[,Q$NH2-Z>CN/=!B:D#B3C,??QFB8W?%S?. MYN-+LW\+/O9^1T#4(`$X99[(Z$AJB_SS[HOT!=UCZP=$?5%Z"*2MFB'N":GW M#P>H*=660:<0,X))(FQ[SA(]D%2[9M2;4I?8.9JD@]0LR!_S:;4TVG\IESG7 M\VTP^>CQ@#DWWK"Z2P$`&FAJ7!O@@%JFWD<\..']5&EOQT.E`[*>ROAM2XHN M:CL^,:EL-3@`BH6R-AKZ1$1OD6*'?)M%9)/[;AV>`E\MLND9PJAS$I\<5)/) MP]W#M,[IW]-/3WA;`%`*SC''SB-F&0>&MUH9"I;:C&+_K'NY@EV9W]9SNS3@ M=4+U4R/Q4WY$PFR`2CJEB0:<44"AAQ"WJ4\4^-1&O_RG8DNA[_#IX,O`_:5G M@UN!$=)2ZSK#1R$%D&CZ/GHI[Y^''(:P(RWENM%=%&8(T%D+3I M9^N191<>NCD*&X?GAZ>2O6\M4+=PBWM?]5#7'+F-DR[CQ\EK1WQ03?`I_WO3 M?%1Y;;[727KS7\J7SQ3EI+B/FFL/+='!VX.K+P<10(6V1@C/";3K!E3>1>R< MZ*[8,P:/6.-A.J:+'PJ,JBAU!`A'(77,L#J19$U-:L5@V3E#N.6#HF^CCCH! MVWK68L7\KWKJ?\1ES!9949[NPNI',]G'>-DV+GK#"ENLJ?5080"Q8FA-Z_C) MH)V>7U\'U&6]>:PJ5-4+..R.ZC[#`Y962XBU4PQ@*)3R3:\_Q:QG@U5A'"1F MUPT&WAU;=T[F?H7Y]^*V+&Z*2?;*+JFFQ222H_G[),)]-;O-RN(_RT5%LL[C M7*Y7R"JO/[]8\-6-+\HL:LQLVM:$VT<)=/+^4"=:,6*I-(Q02*B$PJ]XR042 M?F>8NS=E\;R>)1>?]E02&X<%'_3LM]/K@1L]F]B+.2&?S_#J*RWU>SE\=60YJ5S][)%Q]4'PO/? MOT<4?*NG^SE[VM>@/N[%`3!!&&)48,<<=B`RKJD)!")"3V1)[[TH_7)1^ZJ4 M(]X"U@=Z9C@6G4(#G;(DU5@5$63, M,>N\UA$NTE+NF@Y_@AFVNU=>WP<.SXA[N3@UF]61Y.52]-,[5*J_L]GU_F6N MCOR-X)Q0D"J&K;9&>_O<1EHPQH[IYS)*!;,W9#:>$@Q+\"%,[M7D=E>Y>/5< M,%%)"\VTD(K6V=,*4=BL`TI_05&F$_#^;+@F`D,4*L9M$+N```<,41XQ MX0P@%M.6T$"EEF@981SU]`JS&QZ<"%]'](N70$OC+;;6$`!7)60J:HH=QX"A44[;*IO*#; M7J=3+IV1OQ.,;-02VQX/P!AL/48.(!&W6N:`;B>JO4@-?(](073!I:T,3Z)D M)RQW=_?3ZBG?7*MVGV$!<>P12]L;K1[TCF`)%)!+S8#`7DF'L?/-DC`GJ8&A$9FK`\+D>`)W MLV>LIW`@3%X/"\P1AP&%ID8\84Q`T$Y<8W\!Y4X&0,91-!VD?M?:,]]5^O;% M8T%S3*WW@BEA--6T+FW6K,)B,MA5\DNV0CL@_)#PV5W=]G4$R#I*@/'(ZBAA M)/IO7()F)8BI(TJK]P.$-#9LX&42#5YS<_S6V;&+'I5=5M?,6SS]LLPE+Q[S M>DWQ&;QU@]TZ)A`.D/2(QV^(M4Q@KMMX+-`JU3P?D=W5(0"Z)&4"]S_6Z_/% M]A#.CE'!4:CKM+P(5T19?>6:/[NI7!Y11^/2]L+NJ=D="';&:':."X@!2S!W M6"MJZRYIQK7X=?Z81E7=F\N=L6$W:Y,I-$P5BOEB5DP6^?4RCV=W6Z&/G@\( M`X*5@=(`9Y4U0O+V'(PADEKX;4C.IW#I7=V(XVF3O*>O;8OX>;9.AMVLT;>, M",!Y'#49CU/FGA`JHE)KIDLE2JU^/<*FL*?=![KC07>0V:K_MXX)$%J@$%)< MU#4)Z\*7H'4EXM<7<)+7&=-V@R")I@DPJ-&>E4^?\]E--;O+HEFZTH5;W8'M M@X(AE!,&070J/9=UG/#9A>%.7S80#F5N8 M`#$W`CBIM+0R1T2=44(.R_+6[:%75>YC?%XI]UHOB. M_(">?BTH;X'5#'.$)*1>8ZA=0R;AT7`UT"[W=9;SK$YV9LO9@]+ M&EXMON>SQ?>LO+I?%A'X5SZO*V!]*6Z_+^:/JW_HBA.38>]RA@[TC[\1J_/J_Q M(V%Q8,X?NO\HW4_Q`TDFB[1MJRZ\R6?5+=E\9^\[A)<5*L+ M[":[+Q;9M/Y6W=6E'K=YCOW\8A`:L;K\I:-**%EG*IO6();1WS__+-\3BL^X MF)>P[:PE-+MM[-_Y/VNIS*_7.Z,JRX=L.HU"[I>[X6JVFXRQQ+<%HP1R@-0F M,T*$2JY<*_^`F-0TB3'F&Y]&Q0_#F$&*7*R$*+_^F)+N1_UQ6\F5_5X0I%*8 M,$&X@(Q+3!#1S[=%N4Z]8'=X$ZQ+A&2OO.C#^-Y$@MT64+6H4UJSZ5+>YJ_E MZ[>B+.X>[E(M[UXG%8#$%$/G*",&(2@!,&WD"S&7&L<98[[32,WN,?'WC(0J M^S%"H5I-*FC'J4*&1[,.`0*QJ]MI-V$$A5,O!8SQ]/V_2ZB2^#LNH5J9B%DB1^US-Y\6WZ2H:,/]:Z57F8NMTK:+.74O2?K\:-!-<86@Q5]&W MTYY&`Z"]J!SW_T0!D3\%9)0,'/7)]*=J+?OO=,,Z2M''B?7.'PW`16H*P4G= MGYFA^OYAJUF43XZ<0O!31L;(P%&+R,Y=L[%*5_;HGWFM)/)K]9C/LMN\W2U] M5LS^E4T?MM8D'LL<`Q=$.:.\E@Y+(51=QKO-Y4$L-00!?YZL7P*_!Y/7^>>L MN/;5[&OVX\]B\;V^@1"WX?C%QY3;)5H'OBX(H[@GCA!*#2>"$JC:,R`#?7)! MVY\'X`.S)L'W:&6C.;:I;<`H0O.KF[4UN,49WV]P4$99Y8T6V%//)!8$M-%U M2](3YW^>$/?*B/,V5Z+Q]K@DPI=J.HT"5@\ZB4WRT42"YPIY+BAD!%FKM32\ MS?;RF*3>]8;D@H!]%JRY$"'Y]+#CVLE@+^Z5-^?LBFRW&N67T#._AI3`)`.TUP\'XB'P#&-E(QB, M!,;JMI:`!+#_CK9R)65E?EMG1WT=KV-T)J+6!]M'+6`[^;)R04^ZM;V>0I`@ M.KR.`R:$9)QSH4A+?NG2NO?TK?>-F?$,S>>0"TI=/L0>.#88`3Z2E!<0U0<0)T M>_`K!$YNAMI?Z=W3!*;[HNB%Z.9QGJ+O/[U@O==$:U/[BQ1;;NF+THN"#]8+ ML^]@74]8'EX5=\W2\Q;$2\QIB>"#P'`ID%.&$@*L;X^,%=>I1TNC"N"=NSCV MR]/SELD7\9)Q"N0A$PP`&BLTH-(I!Q1GTKNV[)U4-C7F,*+4AW.7Q1[9>=Z" M^#IX,DY9/'".(3J@%GD*)0$"ZKK[+VPC0-[ZU.MQ(ZH#<.[BV"]'SULB+\=O M!()8C"1P1$0B2J\`;A-Q(<='="X:4R3PW&6Q-X:^$,/_^]^7O/PU/K/Z^NVW MZ_'O^))G\\5M7:+S'V6^6#%UV0/F'4&6)13GK^>1_UCDY75^_3_]:@1;S"?3 M:AY-C*N;EU/ZDD_K@Z!E:9XEB[Z]8-%\2["RFQ<'QJG'4`$BM4324>@8EPP! M;Z"70NS,]>A)?^ZJESE9%(\1N$N&?HTLU'$>?VW3>$DO#$I$,8QTL=)"B@VQ M7K;442;Y*OT([X8,!:.WBFL(OO2L:AZ^S?-_/\31[K&FR4G4R]M)[*$X-@T) M4%$O-<,,N:B](6(>K8BK!?28[ZR%.,@*EX#8?W7KXKG*`^.I)\(C)(R,2+'- MRKA(;I@YB>+^9YN;^)SM&!!3)XR@Q1#CO`",(VG9MFB67 MBQL_5@YD[0ZXW#`E8<8Z,M`9#`X5D4CYK8FZ2J\>,\<9ECPHFE9XG0,M\ M+T=ETY@`B$/4:"0`1EQ9Z(6&S?J`LZF5(L:/E\Z-EV2B#NM(V'R1%=/S]R>$ ME50+8@4!2`**'$=*"F.I=TA;NC-!9+S^!/46"NTD!LIS!S3%$#+W.X0O'\XB'I7T=AQBKT00`(/0;,B M1OCE^HT',K3JF)+#8V.G!_#1XP%Y;8`71`H,F%9(8PZ;51'E4^LXCQ`?Q[!T M*SJ2*)E2[**:W>6S,EJ-W[+RK^4._%#.\\E#G,TL?ZRFCT5Y.UE.[68]M:W- MU9+?%ZQ2G`A.(&;20*CJ!K+KI6)J\`5U]#F.T]7PQ$[`U:'N"'V#SK#4/YF3M=/G M=$_GM$T`29S#I^PH M%7/`&X+$"@,**4:&&%I'Y+!MEF,%2.V,-:)TJ^38 M*G,DFV9EW6THSQ>JO%;7<0V1E=GT^<1XKI_B/^ZK>5VW/&K3>7S%]*&N:E8_ M4Y6+HGS(KZ_N\]D2!?,=#M@P$PB,`:NY-=0Y2^M4%4-I2WEM4R/VHTJ2[\6M M&R5_AI",@]:PM3G]D6\,DCG@A..8:LJ4HX*X1BL)`E6JO3="WV%L8*M.P<`$ M(T'=?MQ64^'@]P2JM8\[ M%S"264"ML=:SUOY1F%T.-GMG?C4<'U(@-OGW0Q&Y<9T_YM/JOA;/*)S7&W;W M'2-";6-%ZXI!SA3WBGK,1$L4C_LOAW->,=9NR=D=]S=N>3O'!*\\]-&U]EA@ MI2AG')MFRHQR>_Z*HS.F[09!$DT38/![5JIR495%M74;>?M84$H(0`&'*.HB M2[RDH)V8I>0"=HD.F5-U1LB4<,/W*B^+'VJ69]N#"F^?"PH:PX2B3!A,"((> MFM:WU9I=0%/M?GA\+"43F&R?)[^LH/!Y5D7+9?%46RU;-O1=PP*RSCC"$*<( M<*.YX;Z)NTO#>6J@<831H\YV]8YIVC$8MN[ONP<&":S#$;-&.LFQ5`0RU$R> M<)-<]7H\@.B6AWL"(XFZ9Y:0;6SM*'F&A&)*0X1HX\](CU3J>6E_Y9:ZC+EU M0Y3S2ZMV1&,(@#4><'[\2[7#] M0Z>=="-&GV?%8[;(/T^SR3+PN='TWCX@6&"09<`)'JU-'K4.)GR],@\!NZ#, M@.ZAT@E)4SRN]<9>A_2VNUSO'@P(.2KJZQ;11W#>2XEH8P%XAY,+W)Y!&"V= MWYV0,C6$-E\>8%0W;]S'[4'YG0.#IRA"$UJHA#1$>V=,8VAX!'RJM70&CM=Q M..BR---\9C_5DRG<2IM,L'7?';W:Y65VX-M^XX/!E!&L(A.B$,, M&V\U;I>B"$X-N1Y<@^/<4-(7A<_N#IOF&FG#J78Z6K%,8V:>14&GAG?84"CH MTB=+I4T0B$:H6\@M MBQ+&`<9`KJC@"34\]7[C^)V4!"!4@]$Y83OZ+9O=%F7UF,]^_45??9EM;@;Y MP9-!,R\]4<)X'7W>J&4M8LWTB$V^(S5^!R0=!MV0,B7]>(VUFWQSN\_VB4`8 MQ1X@#A76V%J@`!%21+,(:IT2&G8(-'4_?6ST]"U4T.0 M2]J)/B+YX/A\X+O/=V=.A.?`I2NPPU8/D$B*;\;Z?TR_26E-X34A3!14 M:%`X7@X!.0-B+CDM%$$$3*BU'A$5/4') M8U`PO"&3D-U5`KT[0WH!K!EKU:>N[?N^6D?WJFOJ,&FI&I4IK4(.6&ITBXES MBC!JW4%E#A)G6\*2N=2Y4+8=?7WJ@][RULEP)_L)9\PA8G2I8D^-Z90 M8-`4.<4PIT,PQBVWV7^&I9.PY\'W=1+#VCJ$Z]Y'@"[Z?I?B^2^K?U.51A/% MIMR@!(K`.'`@L*0**)`"#6^.1'Y/JR63O&>%..,?])"4#^H:J3/KLI<.NDZ%Z(9DV^?;"3<'H*?\6]_ M5*9,;G(J+*&"ICI4BAW&@\H.TVPC6#IS.B>JCPSA#,V'O_5QA7+]MHE*OM$1 M2;JNVUWJFW!SV:Z;N@E3N@X?%RJ!<.8U4AI);3DK"@WXOK>S]UJ?YD^F+;%/ M1'/,6#LWI*<^KH\?TN!T M]E&\^`-02P,$%`````@`RGKT1KA"K.L&%@``*.@``!``'`!E9W`M,C`Q-3`V M,S`N>'-D550)``-K2JU5:TJM575X"P`!!"4.```$.0$``.T]79/:N++OM^K^ M!]]Y.O=A,E_)[B:UV5,,XTE\EP$.9I(]3Z>$+8-.C,1*,C/LK[\M&1L;9&P# M"9[#5*4J#.YN^D/=ZFY]^->_/T]#:XZY((Q^/+MZHQG]#QQ[-'][SE MMAWG[.^__?=__?H_Y^=_W`XZUAWSHBFFTFISC"3VK2\9G][A`$6A_'@6T3\C%)*`8!^X M"+'ZD1Q`YK%$?(QE%TVQF"$/?SR;2#G[<''Q]/3T!B,AQYQ%LS<4RXOKRZMW MES_=@&`@*A4?\'A6`SHD]%L._'G$PS>,CP'R\N9"/1XA@1-PRBB-IF8$7_(+ MN9CA"P`Z!RC,B9?BE2/E$12`+U.<+%?O+N*'65"R109"A4342V5XWI#YZ49# M7[U___Y"/TU!A6\"!+)7%W\\=%QM[3,POF5I\Y/IC'%IT0VS!4B,-&HDSL<( MS90=WIY?7IW?7)U9\:#I,`])/4JS,AL1+W`H1?+-^8K4&^#AS+JHR0]G(18' M8DC3VILC-2`.Q9&FM1-'VT92`3^;*.JO\P3O7'UU?G6])QLKIZS'1H)W$#;> M7R#N*7.#Y3QYCI]G(:)(,KZXA[^KL19RGJ-BKX@H'M\K'J]^VH='39KBL8KC MU7G*8AV6D1J*23#V9\`BZCD"Q6B;JK$-A->\L?YBLBNW$2<0S:TJ!QJC8CI7SM%V1Q='Y/: MO"0XZL/^'.!G;U*;A11)?]J?"4+G6,C:@R2#MOR\_Q"AB'AZ*KZJP\D**_YX MOB*P(Q^">+6Y2'#4AP-P(&>\/@L)DOZTC0E$*9.:DOXN^78V(S1@RZ_@2S6' M?T@F\@$.+)VO?EC.HMNSVHL99S/,)8'D*I/8:P(3CH./9U`[G"<5PK\\%+Z! M-#B!V*"?SS#T=`4H7A1J*3HK'A,**GQ_/!.@[A`GLO]HH7PK>!IR@,`<(B4.RU/#V[BCY:H%&(6]2';WB$ M?7E]:Y=4>$%S(1<0Q_ MM-KMWF-WZ%K]UC];MQW;:G7OU)>#1_O.LO_HVUW7=G^]6*>V_D.1P'Z/_J8_ MK^MNB;T$V8:YYNW5$?,>9<9;?IL89R^;W6&)2'A`TR4$MUKP[>7[MY?7.UG0 M^MOR%_[WU99KJA^JKP]HRB6]K9:\N7Q_Z@]LU^X.6T.GUSTY.T2"4"Q$FTU'A&I^A/:"/R/" ML>^`<'1,:OE4#9(E5GMGLMJCZW1MU[7:O8=;IZN-YBY]ZQ^/S@"S09Y=5+,KJMF1X6 M4]B>$%Y=&1)"LW%.-/]KP_3!0N*K-91;%*KE+W>"L12/%$4^T>LQE8U42FJ; MM2"VP3\5WUQ0J%YUU\;JNKV.<]<:PIQSV^JTNFW;_IG"FPE[>_ON77HEYFZQ(.KF/K5EPM, M,X%2#0N'VE"[R<4!/;J(<(FQ;^KY]6JZ^S?JO'F^V4URZM*AO*&@.Y_[5?J5D-%S7B@7+*DIUB(SEU0E'ACL\ MDI5-JH%+NK&_&+I`=_;M\!056[?-D\4IZ8O^8NCK*#6?;A]'*:]FXR:#4K)T M]XNA4Q.K^T0[,W>8DSFPH2*WD%R?=5"=_L_8'Q,Z;GGPB*C-&C6,495B21_Z MVAB!!LZ7UC".^>YP\!C/#6I&^&S??7*ZGZQ6&QX[0^?TEH,J:[Y^/*M)N*29 M?6T,>C4L>\K1L:(I:H?0>G1+.N+7QCA;R\(G&Y#G.&0SI?\:QEOAE*1U;XU! M]8O=Z?65.4Y8V_6#X@9J2:[WUK`&GM']"0>UY2%+B#(\"\HC'`ON"<448^@,)/25C9.&9V2./:S(8[=MYR!]:75 M>;15,_/>Z;:Z;:?5R6;#K];*:;ENG*M(KB3L_6P(>Q5L=[IQL$3M-<-B-6HE M4?)G0Y2L9,,3#9L].<&\)02N$2*S."5EIRD<]H:?8;9JN:Y]>G$OH[JZ,3`$I;X13CCP=@D8DK+?0L(%8DI)=%L:@ MCM.Z=3HGN6:PKL2=HI$!OR3%NBP,21E;G'AU!?([Q MU::%^J_KESN0+O'4GPPK<;4M_.J_$O?3RUQVL&8&N<0C3:M"67OU!\HLIYB_ MF[2YNW]MTBAQ)-,*D=DPK]Z256_-A'X+B9*V@VFUJ,A`)YK9#["GM@W$=\,0 M.@854_CHX7H+1B5D2IH3YIRCK;:%+*^64?NCP%I=^-RV3W*Q:$#$-[4G[1&4 MRB&6T'KSCA&[Q"RF.TD&COM[O&U-66(P;#G=4YQY7#*F)"`>R@UZJ)D\T&OR M?V7K5*.VU5K7EU?7F\'.=3YUG7NGW5KS)"C#VCKJ)<1/+NZYDGG?;A'@JQ,\ MF(IZ[8P"]!*',NT_=(>]]N_GMRW7CL_UV%WW)!L99HW6S>:V4RGIR[XUY'-% MYCG=C,ZLXIHYW58B):W:MX:LKMA,)YK7N=%(X#\C$,*>U\KD-A!+8IKIJ)S[ M>.O:_WA4^9O]Y123M74EU@YC!?@E`>P70V=GPQ:G&[D>!>X%4$F2*=22U8VQ MAE;2K3$=W'IT]:8;J#J=!Z@[_Y/=X=>+]'IFQ;"S*=1+#CQ08IY9,>`, M<\+\H0;T([[,'B]J"/?3937ARN$:*-S/11;!S]B+)/8)5>\&6!.U+M:+%?S= M3H*_>Y&"BZJRBB:+]TM%;RV'.YYPJ3">%TW5O(#]UI1Q2?[2.,G]IJT1F^,' MQ+]AV8'I$.KG%(7O:2R_;*7Q'O?AXM(]::HR+(P^`[R*HZ&+9"PIL6R9Z&7+3E;%ES`)_ M8L/T%>`;'`!*9>BJ%Y=5ECB&;KR\#NV'R,/KW%<<\;6Q#Z^/`PM>Q]]W(]$T MKR_,>Y92^JOSWO`S?NN9;#B^&:2:H+[\X).IND2+Z?0F+S*P1NCX\#F=F?$[ MG6252)<"-3!551P+7;RS8(WMM62U"F0#TM40XJL:V_>,W[%H)(,H3%YFHM:= MR5PQZ((RR'@B.X3B`:"W]:OX5L%Z3R*-B^&%YI^.D!#(9WS`GKXBCB""/J]T>KUU&@5?IG:%.YE[^HC M^JX^A2994JOA^$TX*XU\%]K'B/V[19(GQ'UP#C(C`*8(Y>)^T=,FA_P-GN\@ MN'N2\35?*(=K8.#?9#H_E14_?PG"V--9R!88EUEJ`^XE"2=4;K$<:NN-LYI( MS1-;%TI372B%*EW.RU?X]/B3C.&%0&`(-J;D+\CL]3G()$_L@"U2B6JC-:TL M2!20W'"N+D3#\;28+(CY0W8+N=)J=APR9SGE+5\LY]`N?I97UP^,RDDZ?1R6 M9),5-T/$#Q@X1&SJ66;7^$H5VX".DGONY.$@B20A03#.!4;T')"&"` MP"SHF[%Z$7D_RJ?4F(+OJ8ZWO/X!?T!+PV*9="-6\6-MQ8WEJ" M9J4J!MG=A'MF]:D$.F@%R%,G?![(![-NXJE3^/[IGRF1TV6P(51(Y?'B!9=$"+;T:@`U^#>QC;N M\XV`2I#'S\(R;`XAV[\-F??-($+VV1Y,RX3,X0VSY6[6#8^J!MLX%[-5UWSQ M$&]]>80*S8,$T!]B/NTP1/,Y4T78YF5.\9M_EGT87:?%`3T30K:#-#AZ%#"> M#QQE0$TU&:2PJCJ9XSZD!]>75S=K`[($Z/BAT!8>9T\^GC%!I("(H$Z%XV=/ M%V2I&"5`34NW5L(MVSYC4!6C`H68!2R^U8".EYV0Q4K*BM#-ZYJD`C][6`A] MZZUH17+"N&H(I@(6/=TCZ&MB^VZ:R#+F"!&964Z?-(G=/HHOU30QG'FV1TVE M:1V2Y4)^]V'VA^PJLI]G2$]>;*:W%E`O5XJO9"H#:URO:"6AC*?GGF:]1^-F MP_V&A&5@#6A")-P$.!UM^:]VYW$6[>\2F?MPE\-?K:7[+=$+U"<(^7>9ADEE MZ,8-K:($YAZR?\S[U*,@SIR%(?I-'\.*DOJ@ MAO2[$3A^EO<)B'28$#VJ[GCJ!4E=KA)2J9+4V;(T-%]!%*M@7R+-39L^I0F? M8$&866)!\IKDK&I_52I2"="+B5_.%#B?XZ3SV<=<,(K" M9%3FW;LR.M?SST"=`R*>?H=L MIHFU+Y'OF6'O9FSJ1_!D<4=$+`(0B!=W'?)(?3(GOFKT4(A$:X;?`;$)@V"U M(N,^H5EN2X/J9RTW?>12^;I(C4OSBXV?%\SQ53LE()AG&V2E4`WND17SGF^3 M58!KP."%.ET-@R135K>^ZABD@DM;>,02I@[(9[PS+W&`]P'-,(ZRFQ.7^)_&5R`G,#.H24,[" M4(WVY:`S2[D_S>^XWERE#NQ@.I83%@S!ZUL!L`5)P;^Q)]56A1`K+KY.,%W; M@--6^PC]6PRBM-&,P#R;;;0=EF0#2OD.%F(X0<`VF&_1>Z+8SPX"1R<2"D,] MXF)"9OW8.&C51-Z3QK%'"0.3PAP*.:R<(CZ&NF".><>Y[0UXIDU0#G;LW14/ MQV"JL?7M M%F0.^40`5>[ZCO>M$$T4B,,85<%RB*8S]!4&Z!>G':)%&_X6GJY**WPUM-<5\1TH'S\%[4:*E5Y@O."7(RKBW6-#EKGY'/(5-],G MV8_$=TW\JL3-F'T6`"PH#`*-I_>3`O,S!#)X9*97->$QIH3QM)5XT0SN5&ON3.7)BG14@+OT_ M06B1V%\NJ[5@7E"6<^A]I.J$OJ8O3/+70S^2W$5S?'_"(&@^MR`!S4_1I@?- M2U'ZU.NB>NEF/93C)Q5]CJ!`HB%7=G M].85'QF5J.-E4O?/R6J-Q7S*IS)T4_>300;H8>R+>\ZF=WKI0"UVDK1SH59" M5\)6@GTQRVW]S#+AFA^;GC3`79G#2J?`\Q(6`>EN8*K1=OX9)Q>Q84A>8?C_Z'*S%[VI&Z!VGI3U$HS M!Z79X/$_0PL]A_1HTO%3&_\SU_"L5%(%M'&2%@7G`?''&!(G_,VPSNTX;18R MCGS65GL_U%:U#2"(<`/(12C:?)1?@?PAO]2\]-9%M`5%,24L/_<9OF\@\]X$ M^U&85$@;+T=H<:XV\BL:MXL52#_V$'THXQ93'!"I!5"<9!?>OQ_Y!J_8NW'5 M@M2+CY85C#I3JZ[W4K^U4DXY7...7*UX3CMX:CUK;>27`!T_`7177*6[=U>7 MYZ_)40S5N&TR!OF2,E*55Z:&7S70QDUW!DGC,TU^_]W1&SA;UY3EW7ZJ:,*5BR6J"+;(8A2^ M$D(#)JA=TZ7D6&EZ\T-/712I-MBRPANC(5 M66'R8W2LQI=?)]C_`$9>BC%&U70@5SK(#;NE'H`]=448H8'V\=R=8HW@Y%CF M*$S_RI0BJO23-F\I^@YT&Y@[&P40BF*1-HH!7XQX3P[1KB^];@/8-2:!4M"!.!=_1D`MP%B:3]26 M0AU%AL)!!;].?`+1'XO-;G7!P^:UJ#.,#K,+>Z8'E5U\LE!3633"!W?Q%=_3 M*>*+7J"GZC]=(EW28^DR!8K"^/+MEA#,(^IB)7748OT( MX^HFRT3HO:DTMF.?-J/4'1*YRR+`I%O6*';`>YDZ*.[NUT=K7.][0P,E*U,5 MX)IOY>UK-N5@+\.*4I^NSU5T6YX??_-Y_L7C&]-.\>-&7H/Z%:OB%ONM.>9H MC-,^AUD$X^IWDZO#T!(>^X5S\D+F`+X+%$#UK,/T>K7%O%)*Q)BP< MVDX/.BJ(93=`'6LR7ASRHWZLN5N:?X@&8N(_5.GI3_ZX7O*O%TK!,#OC*8(_ M_Q]02P$"'@,4````"`#*>O1&H2Y'79'R``!CK@X`$``8```````!````I($` M````96=P+3(P,34P-C,P+GAM;%54!0`#:TJM575X"P`!!"4.```$.0$``%!+ M`0(>`Q0````(`,IZ]$9OS,U9`!P``,$=`0`4`!@```````$```"D@=OR``!E M9W`M,C`Q-3`V,S!?8V%L+GAM;%54!0`#:TJM575X"P`!!"4.```$.0$``%!+ M`0(>`Q0````(`,IZ]$;ZMT[L(#T``-?"`@`4`!@```````$```"D@2D/`0!E M9W`M,C`Q-3`V,S!?9&5F+GAM;%54!0`#:TJM575X"P`!!"4.```$.0$``%!+ M`0(>`Q0````(`,IZ]$;*G\4UI,0``//\"0`4`!@```````$```"D@9=,`0!E M9W`M,C`Q-3`V,S!?;&%B+GAM;%54!0`#:TJM575X"P`!!"4.```$.0$``%!+ M`0(>`Q0````(`,IZ]$:J)BSQ8VL``(O^!``4`!@```````$```"D@8D1`@!E M9W`M,C`Q-3`V,S!?<')E+GAM;%54!0`#:TJM575X"P`!!"4.```$.0$``%!+ M`0(>`Q0````(`,IZ]$:X0JSK!A8``"CH```0`!@```````$```"D@3I]`@!E M9W`M,C`Q-3`V,S`N>'-D550%``-K2JU5=7@+``$$)0X```0Y`0``4$L%!@`` 0```&``8`%`(``(J3`@`````` ` end XML 27 R43.htm IDEA: XBRL DOCUMENT v3.2.0.727
    REAL ESTATE HELD FOR SALE DISCONTINUED OPERATIONS (Details)
    		 6 Months Ended 12 Months Ended
    Jun. 30, 2015
    USD ($)
    ft²
    properties
    Dec. 31, 2014
    USD ($)
    ft²
    Integer
    Ambassador Row Warehouse (one building sold in 2015) [Member]    
    Long Lived Assets Held-for-sale [Line Items]    
    Number of real estate properties transferred to held for sale and sold | properties 1  
    Square Footage of Real Estate Property | ft² 185,000  
    Gain (Loss) on Sale of Properties $ 2,903,000  
    Proceeds from Sale of Property, Plant, and Equipment 5,250,000  
    Northpoint, Tampa West VI, Clay Campbell, Kirby and Ambassador (two buildings) property sales [Member]    
    Long Lived Assets Held-for-sale [Line Items]    
    Number of real estate properties transferred to held for sale and sold | Integer   5
    Square Footage of Real Estate Property | ft²   442,000
    Gain (Loss) on Sale of Properties   $ 9,188,000
    Proceeds from Sale of Property, Plant, and Equipment   21,381,000
    Land [Member]    
    Long Lived Assets Held-for-sale [Line Items]    
    Proceeds from Sale of Property, Plant, and Equipment 170,000 141,000
    Gain on sales of land $ 123,000 $ 98,000
    XML 28 R29.htm IDEA: XBRL DOCUMENT v3.2.0.727
    REAL ESTATE PROPERTIES (Tables)
    		 6 Months Ended
    Jun. 30, 2015
    Real Estate Investment Property, Net [Abstract]  
    Schedule of Real Estate Properties
    The Company’s real estate properties and development at June 30, 2015 and December 31, 2014 were as follows:
     
    June 30,
    2015
     
    December 31,
    2014
     
    (In thousands)
    Real estate properties:
     
     
     
       Land                                                                  
    $
    286,708

     
    283,116

       Buildings and building improvements                                          
    1,311,445

     
    1,284,961

       Tenant and other improvements                                                                  
    334,808

     
    326,896

    Development                                                                  
    198,143

     
    179,973

     
    2,131,104

     
    2,074,946

       Less accumulated depreciation                                                                  
    (627,336
    )
     
    (600,526
    )
     
    $
    1,503,768

     
    1,474,420
    XML 29 R28.htm IDEA: XBRL DOCUMENT v3.2.0.727
    SIGNIFICANT ACCOUNTING POLICIES (Policies)
    		 6 Months Ended
    Jun. 30, 2015
    Organization, Consolidation and Presentation of Financial Statements [Abstract]  
    Consolidation
    The consolidated financial statements include the accounts of EastGroup Properties, Inc., its wholly owned subsidiaries and its investment in any joint ventures in which the Company has a controlling interest.  At June 30, 2015 and December 31, 2014, the Company had a controlling interest in two joint ventures: the 80% owned University Business Center and the 80% owned Castilian Research Center.  The Company records 100% of the joint ventures’ assets, liabilities, revenues and expenses with noncontrolling interests provided for in accordance with the joint venture agreements.  The equity method of accounting is used for the Company’s 50% undivided tenant-in-common interest in Industry Distribution Center II.  All significant intercompany transactions and accounts have been eliminated in consolidation.
    Use of Estimates
    The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the reporting period and to disclose material contingent assets and liabilities at the date of the financial statements.  Actual results could differ from those estimates.
    Business Combinations
    Upon acquisition of real estate properties, the Company applies the principles of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 805, Business Combinations, which requires that acquisition-related costs be recognized as expenses in the periods in which the costs are incurred and the services are received.  The Codification also provides guidance on how to properly determine the allocation of the purchase price among the individual components of both the tangible and intangible assets based on their respective fair values.  Goodwill is recorded when the purchase price exceeds the fair value of the assets and liabilities acquired.  Factors considered by management in allocating the cost of the properties acquired include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases.  The allocation to tangible assets (land, building and improvements) is based upon management's determination of the value of the property as if it were vacant using discounted cash flow models.  The Company determines whether any financing assumed is above or below market based upon comparison to similar financing terms for similar properties.  The cost of the properties acquired may be adjusted based on indebtedness assumed from the seller that is determined to be above or below market rates.  
     
    The purchase price is also allocated among the following categories of intangible assets:  the above or below market component of in-place leases, the value of in-place leases, and the value of customer relationships.  The value allocable to the above or below market component of an acquired in-place lease is determined based upon the present value (using a discount rate reflecting the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of the amounts that would be paid using fair market rates over the remaining term of the lease.  The amounts allocated to above and below market leases are included in Other Assets and Other Liabilities, respectively, on the Consolidated Balance Sheets and are amortized to rental income over the remaining terms of the respective leases.  The total amount of intangible assets is further allocated to in-place lease values and customer relationship values based upon management’s assessment of their respective values.  These intangible assets are included in Other Assets on the Consolidated Balance Sheets and are amortized over the remaining term of the existing lease or the anticipated life of the customer relationship, as applicable.
    Discontinued Operations
    The Company considers a real estate property to be held for sale when it meets the criteria established under ASC 360, Property, Plant and Equipment, including when it is probable that the property will be sold within a year.  Real estate properties held for sale are reported at the lower of the carrying amount or fair value less estimated costs to sell and are not depreciated while they are held for sale.  

    In April 2014, the FASB issued Accounting Standards Update (ASU) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which amended the requirements for reporting discontinued operations. Under ASU 2014-08, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale or when the component or group of components is disposed of by sale or other than by sale. In addition, this ASU requires additional disclosures about both discontinued operations and the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation in the financial statements. The Company adopted the provisions of ASU 2014-08 as of January 1, 2014, and has applied the provisions prospectively.

    EastGroup sold a small parcel of land in New Orleans during the first quarter of 2015 for gross proceeds of $170,000 and recognized a gain of $123,000. During the second quarter of 2015, EastGroup sold one operating property, the last of its three Ambassador Row Warehouses containing 185,000 square feet, for $5,250,000 and recognized a gain of $2,903,000.

    During 2014, EastGroup sold five operating properties (442,000 square feet) for $21,381,000 and recognized gains of $9,188,000. In addition, the Company sold a small parcel of land in Orlando for $141,000 and recognized a gain of $98,000.

    The results of operations and gains on sales for the properties sold or held for sale during the periods presented are reported in continuing operations on the Consolidated Statements of Income and Comprehensive Income. The gains on the sales of land are included in Other, and the gains on the sales of operating properties are included in Gains on sales of real estate investments.
    XML 30 R44.htm IDEA: XBRL DOCUMENT v3.2.0.727
    OTHER ASSETS (Details) - USD ($)
    $ in Thousands
    Jun. 30, 2015
    Dec. 31, 2014
    Other Assets Components [Abstract]    
    Leasing costs (principally commissions) $ 56,784 $ 56,171
    Accumulated amortization of leasing costs (22,486) (22,951)
    Leasing costs (principally commissions), net of accumulated amortization 34,298 33,220
    Straight-line rents receivable 25,647 25,013
    Allowance for doubtful accounts on straight-line rents receivable (272) (102)
    Straight-line rents receivable, net of allowance for doubtful accounts 25,375 24,911
    Accounts receivable 2,820 4,459
    Allowance for doubtful accounts on accounts receivable (310) (379)
    Accounts receivable, net of allowance for doubtful accounts 2,510 4,080
    Acquired in-place lease intangibles 18,322 20,118
    Accumulated amortization of acquired in-place lease intangibles (8,734) (8,345)
    Acquired in-place lease intangibles, net of accumulated amortization 9,588 11,773
    Acquired above market lease intangibles 1,444 1,575
    Accumulated amortization of acquired above market lease intangibles (686) (699)
    Acquired above market lease intangibles, net of accumulated amortization 758 876
    Loan costs 8,140 8,166
    Accumulated amortization of loan costs (4,474) (4,454)
    Loan costs, net of accumulated amortization 3,666 3,712
    Mortgage loans receivable 4,934 4,991
    Interest rate swap assets 1,585 812
    Escrow deposits for 1031 exchange 0 698
    Receivable for development infrastructure costs 2,020 0
    Goodwill 990 990
    Prepaid expenses and other assets 5,888 7,446
    Other Assets Total $ 91,612 $ 93,509
    XML 31 R30.htm IDEA: XBRL DOCUMENT v3.2.0.727
    OTHER ASSETS (Tables)
    		 6 Months Ended
    Jun. 30, 2015
    Other Assets [Abstract]  
    Other Assets
    A summary of the Company’s Other Assets follows:
     
    June 30,
    2015
     
    December 31,
    2014
     
    (In thousands)
    Leasing costs (principally commissions)                                                                                  
    $
    56,784

     
    56,171

    Accumulated amortization of leasing costs                                                       
    (22,486
    )
     
    (22,951
    )
    Leasing costs (principally commissions), net of accumulated amortization
    34,298

     
    33,220

     
     
     
     
    Straight-line rents receivable                                                                                  
    25,647

     
    25,013

    Allowance for doubtful accounts on straight-line rents receivable
    (272
    )
     
    (102
    )
    Straight-line rents receivable, net of allowance for doubtful accounts
    25,375

     
    24,911

     
     
     
     
    Accounts receivable                                                                                  
    2,820

     
    4,459

    Allowance for doubtful accounts on accounts receivable
    (310
    )
     
    (379
    )
    Accounts receivable, net of allowance for doubtful accounts
    2,510

     
    4,080

     
     
     
     
    Acquired in-place lease intangibles                                                                                  
    18,322

     
    20,118

    Accumulated amortization of acquired in-place lease intangibles
    (8,734
    )
     
    (8,345
    )
    Acquired in-place lease intangibles, net of accumulated amortization
    9,588

     
    11,773

     
     
     
     
    Acquired above market lease intangibles                                                                                  
    1,444

     
    1,575

    Accumulated amortization of acquired above market lease intangibles
    (686
    )
     
    (699
    )
    Acquired above market lease intangibles, net of accumulated amortization
    758

     
    876

     
     
     
     
    Loan costs                                                                                  
    8,140

     
    8,166

    Accumulated amortization of loan costs                                                         
    (4,474
    )
     
    (4,454
    )
    Loan costs, net of accumulated amortization                                                     
    3,666

     
    3,712

     
     
     
     
    Mortgage loans receivable                                                                                  
    4,934

     
    4,991

    Interest rate swap assets
    1,585

     
    812

    Escrow deposits for 1031 exchange
    —

     
    698

    Receivable for development infrastructure cost reimbursements
    2,020

     
    —

    Goodwill                                                                                  
    990

     
    990

    Prepaid expenses and other assets                                                                                  
    5,888

     
    7,446

    Total Other Assets
    $
    91,612

     
    93,509
    XML 32 R31.htm IDEA: XBRL DOCUMENT v3.2.0.727
    DEBT (Tables)
    		 6 Months Ended
    Jun. 30, 2015
    Debt Disclosure [Abstract]  
    Principal payments due during the next five years
    Principal payments on long-term debt, including Secured Debt and Unsecured Debt (not including Unsecured Bank Credit Facilities), as of June 30, 2015 are as follows: 
    Years Ending December 31,
     
    (In thousands)
    Remainder of 2015
     
    $
    34,312

    2016
     
    92,808

    2017
     
    58,239

    2018
     
    141,316

    2019
     
    130,568

    2020 and beyond
     
    383,471
    XML 33 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
    CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited (Parenthetical) - USD ($)
    $ in Thousands
    		 6 Months Ended
    Jun. 30, 2015
    Jun. 30, 2014
    Supplemental Cash Flow Information [Abstract]    
    Cash paid for interest, net of amount capitalized $ 2,494 $ 2,336
    XML 34 R32.htm IDEA: XBRL DOCUMENT v3.2.0.727
    ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)
    		 6 Months Ended
    Jun. 30, 2015
    Payables and Accruals [Abstract]  
    Summary of Accounts Payable and Accrued Expenses
    A summary of the Company’s Accounts Payable and Accrued Expenses follows:
     
    June 30,
    2015
     
    December 31,
    2014
     
    (In thousands)
    Property taxes payable                                                                                  
    $
    15,688

     
    15,216

    Development costs payable                                                                                  
    7,773

     
    7,920

    Interest payable                                                                                  
    3,192

     
    3,500

    Dividends payable on unvested restricted stock                                                            
    1,845

     
    2,096

    Other payables and accrued expenses                                                                                  
    6,668

     
    10,707

     Total Accounts Payable and Accrued Expenses
    $
    35,166

     
    39,439
    XML 35 R40.htm IDEA: XBRL DOCUMENT v3.2.0.727
    REAL ESTATE PROPERTIES (Details) - USD ($)
    		 3 Months Ended 6 Months Ended
    Jun. 30, 2015
    Jun. 30, 2014
    Jun. 30, 2015
    Jun. 30, 2014
    Dec. 31, 2014
    Real Estate Properties [Line Items]          
    Depreciation Expense During the Period $ 14,720,000 $ 14,094,000 $ 29,558,000 $ 28,067,000  
    Real Estate Properties          
    Land 286,708,000   286,708,000   $ 283,116,000
    Building and building improvements 1,311,445,000   1,311,445,000   1,284,961,000
    Tenant and other improvements 334,808,000   334,808,000   326,896,000
    Development 198,143,000   198,143,000   179,973,000
    Real estate and development properties 2,131,104,000   2,131,104,000   2,074,946,000
    Less accumulated depreciation (627,336,000)   (627,336,000)   (600,526,000)
    Real estate, net $ 1,503,768,000   $ 1,503,768,000   $ 1,474,420,000
    Building [Member]          
    Real Estate Properties [Line Items]          
    Property, Plant and Equipment, Useful Life     40 years    
    Minimum [Member] | Improvements [Member]          
    Real Estate Properties [Line Items]          
    Property, Plant and Equipment, Useful Life     3 years    
    Maximum [Member] | Improvements [Member]          
    Real Estate Properties [Line Items]          
    Property, Plant and Equipment, Useful Life     15 years    
    XML 36 R53.htm IDEA: XBRL DOCUMENT v3.2.0.727
    SUBSEQUENT EVENTS (Details)
    $ in Millions
    		 1 Months Ended 6 Months Ended
    Jul. 20, 2015
    USD ($)
    Jun. 30, 2015
    USD ($)
    Private Placement [Member]    
    Subsequent Event [Line Items]    
    Number of insurance companies participating in senior unsecured private placement notes 2  
    Proceeds from Issuance of Private Placement $ 75  
    Unsecured debt, term (in years) 10  
    Effective Interest Rate 3.98%  
    Former nine bank group unsecured revolving credit facility [Member] | Credit Facility [Domain]    
    Subsequent Event [Line Items]    
    Line of Credit Facility, Current Borrowing Capacity   $ 225
    MarginoverLIBORrate   1.175
    Facility fee   0.225
    Debt Instrument, Maturity Date   Jan. 05, 2017
    Nine bank group unsecured revolving credit facility [Member] | Credit Facility [Domain]    
    Subsequent Event [Line Items]    
    Line of Credit Facility, Current Borrowing Capacity $ 300  
    MarginoverLIBORrate 1.00  
    Facility fee 0.2  
    Extension option on credit facility 1 year  
    Expansion option on credit facility $ 150  
    Credit facility, maturity (in years) 4 years  
    Former Pnc na revolving credit facility [Member] | Credit Facility [Domain]    
    Subsequent Event [Line Items]    
    Line of Credit Facility, Current Borrowing Capacity   $ 25
    MarginoverLIBORrate   1.175
    Facility fee   0.225
    Debt Instrument, Maturity Date   Jan. 05, 2017
    Pnc Na Unsecured revolving credit facility [Member] | Credit Facility [Domain]    
    Subsequent Event [Line Items]    
    Line of Credit Facility, Current Borrowing Capacity $ 35  
    MarginoverLIBORrate 1.00  
    Facility fee 0.20  
    Extension option on credit facility 1 year  
    Credit facility, maturity (in years) 4 years  
    XML 37 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
    CONSOLIDATED BALANCE SHEETS - Unaudited - USD ($)
    Jun. 30, 2015
    Dec. 31, 2014
    ASSETS    
    Real estate properties $ 1,932,961,000 $ 1,894,973,000
    Development 198,143,000 179,973,000
    Real estate and development properties 2,131,104,000 2,074,946,000
    Less accumulated depreciation (627,336,000) (600,526,000)
    Real estate, net 1,503,768,000 1,474,420,000
    Unconsolidated investment 8,090,000 7,884,000
    Cash 13,000 11,000
    Other Assets 91,612,000 93,509,000
    TOTAL ASSETS 1,603,483,000 1,575,824,000
    LIABILITIES    
    Secured debt 385,714,000 453,776,000
    Unsecured debt 455,000,000 380,000,000
    Unsecured bank credit facilities 133,328,000 99,401,000
    Accounts payable and accrued expenses 35,166,000 39,439,000
    Other liabilities 27,853,000 27,593,000
    Total Liabilities 1,037,061,000 1,000,209,000
    Stockholders' Equity:    
    Common shares; $.0001 par value; 70,000,000 shares authorized; 32,314,021 shares issued and outstanding at June 30, 2015 and 32,232,587 at December 31, 2014 3,000 3,000
    Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued 0 0
    Additional paid-in capital on common shares 877,181,000 874,335,000
    Distributions in excess of earnings (313,392,000) (300,852,000)
    Accumulated Other Comprehensive Loss (1,770,000) (2,357,000)
    Total Stockholders' Equity 562,022,000 571,129,000
    Noncontrolling interest in joint ventures 4,400,000 4,486,000
    Total Equity 566,422,000 575,615,000
    TOTAL LIABILITIES AND EQUITY $ 1,603,483,000 $ 1,575,824,000
    XML 38 R45.htm IDEA: XBRL DOCUMENT v3.2.0.727
    DEBT (Details) - USD ($)
    		 3 Months Ended 6 Months Ended
    Mar. 31, 2015
    Jun. 30, 2015
    Secured and Unsecured Debt [Line Items]    
    Unsecured bank credit facilities, change during period   $ 33,927,000
    Secured and unsecured debt [Member]    
    Payments of principal over future years [Abstract]    
    Remainder of 2015   34,312,000
    2016   92,808,000
    2017   58,239,000
    2018   141,316,000
    2019   130,568,000
    2020 and beyond   383,471,000
    Secured Debt [Member]    
    Secured and Unsecured Debt [Line Items]    
    Secured debt, change during period   (68,062,000)
    Secured debt, amount repaid during period   57,450,000
    Secured debt, principal payments during period   10,592,000
    Amortization of Debt Discount (Premium)   20,000
    Unsecured Debt [Member]    
    Secured and Unsecured Debt [Line Items]    
    Unsecured debt, change during period   $ 75,000,000
    $75 million interest rate swap executed in 2015 [Member]    
    Secured and Unsecured Debt [Line Items]    
    Derivative, Notional Amount $ 75,000,000  
    $75 million interest rate swap executed in 2015 [Member] | Unsecured Debt [Member]    
    Secured and Unsecured Debt [Line Items]    
    Long-term Debt, Maturities, Repayment Terms (in years) 7  
    Long-term debt, margin over LIBOR rate 1.40%  
    Effective Interest Rate 3.031%  
    XML 39 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
    CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited (Parenthetical) - 6 months ended Jun. 30, 2015 - $ / shares
    Total
    Stockholders' Equity Attributable to Parent  
    Common dividends declared - per share (in dollars per share) $ 1.14
    Issuance of shares of common stock, common stock offering, net of expenses 1,688
    Issuance of shares of common stock, options exercised  
    Issuance of shares of common stock, dividend reinvestment plan 2,160
    Withheld shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock 32,409
    XML 40 R35.htm IDEA: XBRL DOCUMENT v3.2.0.727
    DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
    		 6 Months Ended
    Jun. 30, 2015
    DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]  
    Schedule of Derivative Instruments [Table Text Block]
    As of June 30, 2015 and December 31, 2014, the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk:
    Interest Rate Derivative
     
    Notional Amount as of June 30, 2015
     
    Notional Amount as of December 31, 2014
     
     
    (In thousands)
    Interest Rate Swap
     
    $80,000
     
    $80,000
    Interest Rate Swap
     
    $75,000
     
    $75,000
    Interest Rate Swap
     
    $75,000
     
    —
    Interest Rate Swap
     
    $60,000
     
    $60,000
    Interest Rate Swap
     
    $15,000
     
    $15,000
    Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
    The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of June 30, 2015 and December 31, 2014. See Note 18 for additional information on the fair value of the Company's interest rate swaps.
     
    Derivatives
    As of June 30, 2015
     
    Derivatives
    As of December 31, 2014
     
    Balance Sheet Location
     
    Fair Value
     
    Balance Sheet Location
     
    Fair Value
     
    (In thousands)
    Derivatives designated as cash flow hedges:
     
     
     
     
     
     
     
        Interest rate swap assets
    Other Assets
     
    $
    1,585

     
    Other Assets
     
    $
    812

        Interest rate swap liabilities
    Other Liabilities
     
    3,479

     
    Other Liabilities
     
    3,314
    Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
    The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the three and six months ended June 30, 2015 and 2014:
     
    Three Months Ended
    June 30,
     
    Six Months Ended June 30,
     
    2015
     
    2014
     
    2015
     
    2014
     
    (In thousands)
    DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS
     
     
     
     
     
     
     
    Interest Rate Swaps:
     
     
     
     
     
     
     
      Amount of income (loss) recognized in Other Comprehensive Income (Loss) on derivatives                                                                                                     
    $
    2,006

     
    (2,321
    )
     
    (1,462
    )
     
    (3,922
    )
      Amount of loss reclassified from Accumulated Other Comprehensive Loss into Interest Expense                                                                                               
    (1,116
    )
     
    (581
    )
     
    (2,049
    )
     
    (1,145
    )
    XML 41 R22.htm IDEA: XBRL DOCUMENT v3.2.0.727
    EARNINGS PER SHARE
    		 6 Months Ended
    Jun. 30, 2015
    Earnings Per Share [Abstract]  
    Earnings per Share
    EARNINGS PER SHARE
     
    The Company applies ASC 260, Earnings Per Share, which requires companies to present basic and diluted earnings per share (EPS).  Basic EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period.  The Company’s basic EPS is calculated by dividing Net Income Attributable to EastGroup Properties, Inc. Common Stockholders by the weighted average number of common shares outstanding. The weighted average number of common shares outstanding does not include any potentially dilutive securities or any unvested restricted shares of common stock. These unvested restricted shares, although classified as issued and outstanding, are considered forfeitable until the restrictions lapse and will not be included in the basic EPS calculation until the shares are vested.

    Diluted EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period and to each share that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during the reporting period.  The Company calculates diluted EPS by dividing Net Income Attributable to EastGroup Properties, Inc. Common Stockholders by the weighted average number of common shares outstanding plus the dilutive effect of unvested restricted stock.  The dilutive effect of unvested restricted stock is determined using the treasury stock method.

    Reconciliation of the numerators and denominators in the basic and diluted EPS computations is as follows:
     
    Three Months Ended
     
    Six Months Ended
     
    June 30,
     
    June 30,
     
    2015
     
    2014
     
    2015
     
    2014
     
    (In thousands)
    BASIC EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
     
     
     
     
     
     
     
      Numerator – net income attributable to common stockholders                                                                                                     
    $
    14,533

     
    9,118

     
    24,463

     
    17,490

      Denominator – weighted average shares outstanding                                                                                                     
    32,045

     
    31,137

     
    32,039

     
    30,972

    DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
     
     
     
     
     
     
     
      Numerator – net income attributable to common stockholders                                                                                                     
    $
    14,533

     
    9,118

     
    24,463

     
    17,490

    Denominator:
     
     
     
     
     
     
     
        Weighted average shares outstanding                                                                                                     
    32,045

     
    31,137

     
    32,039

     
    30,972

        Unvested restricted stock                                                                                                     
    94

     
    107

     
    82

     
    91

          Total Shares                                                                                                     
    32,139

     
    31,244

     
    32,121

     
    31,063
    XML 42 R36.htm IDEA: XBRL DOCUMENT v3.2.0.727
    EARNINGS PER SHARE (Tables)
    		 6 Months Ended
    Jun. 30, 2015
    Earnings Per Share [Abstract]  
    Earnings Per Share
    Reconciliation of the numerators and denominators in the basic and diluted EPS computations is as follows:
     
    Three Months Ended
     
    Six Months Ended
     
    June 30,
     
    June 30,
     
    2015
     
    2014
     
    2015
     
    2014
     
    (In thousands)
    BASIC EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
     
     
     
     
     
     
     
      Numerator – net income attributable to common stockholders                                                                                                     
    $
    14,533

     
    9,118

     
    24,463

     
    17,490

      Denominator – weighted average shares outstanding                                                                                                     
    32,045

     
    31,137

     
    32,039

     
    30,972

    DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS
     
     
     
     
     
     
     
      Numerator – net income attributable to common stockholders                                                                                                     
    $
    14,533

     
    9,118

     
    24,463

     
    17,490

    Denominator:
     
     
     
     
     
     
     
        Weighted average shares outstanding                                                                                                     
    32,045

     
    31,137

     
    32,039

     
    30,972

        Unvested restricted stock                                                                                                     
    94

     
    107

     
    82

     
    91

          Total Shares                                                                                                     
    32,139

     
    31,244

     
    32,121

     
    31,063
    XML 43 R24.htm IDEA: XBRL DOCUMENT v3.2.0.727
    RISKS AND UNCERTAINTIES
    		 6 Months Ended
    Jun. 30, 2015
    Risks and Uncertainties [Abstract]  
    Risks and Uncertainties
    RISKS AND UNCERTAINTIES
     
    The state of the overall economy can significantly impact the Company’s operational performance and thus impact its financial position.  Should EastGroup experience a significant decline in operational performance, it may affect the Company’s ability to make distributions to its shareholders, service debt, or meet other financial obligations.
    XML 44 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 45 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
    CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited - USD ($)
    $ in Thousands
    		 6 Months Ended
    Jun. 30, 2015
    Jun. 30, 2014
    OPERATING ACTIVITIES    
    Net Income $ 24,724 $ 17,756
    Adjustments to reconcile net income to net cash provided by operating activities:    
    Depreciation and amortization from continuing operations 36,126 34,322
    Stock-based compensation expense 3,607 2,824
    Gain on sales of land and real estate investments (3,026) (95)
    Changes in operating assets and liabilities:    
    Accrued income and other assets 3,346 2,202
    Accounts payable, accrued expenses and prepaid rent (4,889) (3,123)
    Other (226) (80)
    NET CASH PROVIDED BY OPERATING ACTIVITIES 59,662 53,806
    INVESTING ACTIVITIES    
    Real estate development (48,226) (56,125)
    Purchases of real estate 0 (41,751)
    Real estate improvements (11,593) (9,912)
    Proceeds from sales of land and real estate investments 5,156 3,471
    Repayments on mortgage loans receivable 57 78
    Changes in receivable for development infrastructure cost reimbursements (2,020) 0
    Changes in accrued development costs (147) 12,076
    Changes in other assets and other liabilities (3,720) (4,610)
    NET CASH USED IN INVESTING ACTIVITIES (60,493) (96,773)
    FINANCING ACTIVITIES    
    Proceeds from unsecured bank credit facilities 195,545 165,969
    Repayments on unsecured bank credit facilities (161,618) (112,529)
    Repayments on secured debt (68,042) (11,152)
    Proceeds from unsecured debt 75,000 0
    Debt issuance costs (585) (42)
    Distributions paid to stockholders (not including dividends accrued on unvested restricted stock) (37,254) (34,183)
    Proceeds from common stock offerings 52 37,033
    Proceeds from dividend reinvestment plan 126 103
    Other (2,391) (2,221)
    NET CASH PROVIDED BY FINANCING ACTIVITIES 833 42,978
    INCREASE IN CASH AND CASH EQUIVALENTS 2 11
    CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 11 8
    CASH AND CASH EQUIVALENTS AT END OF PERIOD 13 19
    SUPPLEMENTAL CASH FLOW INFORMATION    
    Cash paid for interest, net of amount capitalized of $2,494 and $2,336 for 2015 and 2014, respectively $ 16,985 $ 17,350
    XML 46 R3.htm IDEA: XBRL DOCUMENT v3.2.0.727
    CONSOLIDATED BALANCE SHEETS - Unaudited (Parenthetical) - $ / shares
    Jun. 30, 2015
    Dec. 31, 2014
    Statement of Financial Position [Abstract]    
    Common shares, par value (in dollars per share) $ 0.0001 $ 0.0001
    Common shares, authorized 70,000,000 70,000,000
    Common shares, issued 32,314,021 32,232,587
    Common shares, outstanding 32,314,021 32,232,587
    Excess shares, par value (in dollars per share) $ 0.0001 $ 0.0001
    Excess shares, authorized 30,000,000 30,000,000
    Excess shares, issued 0 0
    XML 47 R17.htm IDEA: XBRL DOCUMENT v3.2.0.727
    DEBT
    		 6 Months Ended
    Jun. 30, 2015
    Debt Disclosure [Abstract]  
    DEBT
    DEBT

    Secured Debt decreased $68,062,000 during the six months ended June 30, 2015.  The decrease primarily resulted from the repayment of a mortgage loan with a balance of $57,450,000, regularly scheduled principal payments of $10,592,000 and mortgage loan premium amortization of $20,000.

    Unsecured Debt increased $75,000,000 during the six months ended June 30, 2015 as a result of the closing of a $75 million unsecured term loan in March 2015. The loan has a seven-year term and requires interest only payments. It bears interest at the annual rate of LIBOR plus an applicable margin (currently 1.4%) based on the Company's senior unsecured long-term debt rating. The Company also entered into an interest rate swap agreement to convert the loan's LIBOR rate component to a fixed interest rate for the entire term of the loan providing a total effective fixed interest rate of 3.031%. See note 13 for additional information on the Company's interest rate swaps.

    Unsecured Bank Credit Facilities increased $33,927,000 during the six months ended June 30, 2015.


    Principal payments on long-term debt, including Secured Debt and Unsecured Debt (not including Unsecured Bank Credit Facilities), as of June 30, 2015 are as follows: 
    Years Ending December 31,
     
    (In thousands)
    Remainder of 2015
     
    $
    34,312

    2016
     
    92,808

    2017
     
    58,239

    2018
     
    141,316

    2019
     
    130,568

    2020 and beyond
     
    383,471
    XML 48 R1.htm IDEA: XBRL DOCUMENT v3.2.0.727
    Document and Entity Information - USD ($)
    		 6 Months Ended
    Jun. 30, 2015
    Jul. 17, 2015
    Jun. 30, 2014
    Document and Entity Information [Abstract]      
    Entity Registrant Name EastGroup Properties Inc    
    Entity Central Index Key 0000049600    
    Current Fiscal Year End Date --12-31    
    Entity Well-known Seasoned Issuer Yes    
    Entity Voluntary Filers No    
    Entity Current Reporting Status Yes    
    Entity Filer Category Large Accelerated Filer    
    Entity Public Float     $ 1,954,758,000
    Entity Common Stock, Shares Outstanding   32,314,021  
    Document Fiscal Year Focus 2015    
    Document Fiscal Period Focus Q2    
    Document Type 10-Q    
    Amendment Flag false    
    Document Period End Date Jun. 30, 2015    
    XML 49 R18.htm IDEA: XBRL DOCUMENT v3.2.0.727
    ACCOUNTS PAYABLE AND ACCRUED EXPENSES
    		 6 Months Ended
    Jun. 30, 2015
    Payables and Accruals [Abstract]  
    Accounts Payable and Accrued Expenses
    ACCOUNTS PAYABLE AND ACCRUED EXPENSES
     
    A summary of the Company’s Accounts Payable and Accrued Expenses follows:
     
    June 30,
    2015
     
    December 31,
    2014
     
    (In thousands)
    Property taxes payable                                                                                  
    $
    15,688

     
    15,216

    Development costs payable                                                                                  
    7,773

     
    7,920

    Interest payable                                                                                  
    3,192

     
    3,500

    Dividends payable on unvested restricted stock                                                            
    1,845

     
    2,096

    Other payables and accrued expenses                                                                                  
    6,668

     
    10,707

     Total Accounts Payable and Accrued Expenses
    $
    35,166

     
    39,439
    XML 50 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
    CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited - USD ($)
    shares in Thousands, $ in Thousands
    		 3 Months Ended 6 Months Ended
    Jun. 30, 2015
    Jun. 30, 2014
    Jun. 30, 2015
    Jun. 30, 2014
    REVENUES        
    Income from real estate operations $ 57,827 $ 53,801 $ 115,402 $ 106,578
    Other income 17 18 34 53
    Revenues 57,844 53,819 115,436 106,631
    EXPENSES        
    Expenses from real estate operations 16,047 15,625 32,460 30,637
    Depreciation and amortization 17,984 17,154 36,126 34,322
    General and administrative 3,812 2,958 8,350 6,406
    Acquisition costs 0 160 0 160
    Expenses 37,843 35,897 76,936 71,525
    OPERATING INCOME 20,001 17,922 38,500 35,106
    OTHER INCOME (EXPENSE)        
    Interest expense (8,483) (8,898) (17,288) (17,884)
    Gain on Sales of Real Estate Investments 2,903 0 2,903 95
    Other 242 218 609 439
    DISCONTINUED OPERATIONS        
    Net Income 14,663 9,242 24,724 17,756
    Net income attributable to noncontrolling interest in joint ventures (130) (124) (261) (266)
    NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS 14,533 9,118 24,463 17,490
    Other comprehensive income (loss) - cash flow hedges 3,122 (1,740) 587 (2,777)
    TOTAL COMPREHENSIVE INCOME $ 17,655 $ 7,378 $ 25,050 $ 14,713
    BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
    Net income attributable to common stockholders $ 0.45 $ 0.29 $ 0.76 $ 0.56
    Weighted average shares outstanding 32,045 31,137 32,039 30,972
    DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract]        
    Net income attributable to common stockholders $ 0.45 $ 0.29 $ 0.76 $ 0.56
    Weighted average shares outstanding 32,139 31,244 32,121 31,063
    AMOUNTS ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS        
    Net income attributable to common stockholders $ 14,533 $ 9,118 $ 24,463 $ 17,490
    XML 51 R12.htm IDEA: XBRL DOCUMENT v3.2.0.727
    REAL ESTATE PROPERTIES
    		 6 Months Ended
    Jun. 30, 2015
    Real Estate Investment Property, Net [Abstract]  
    Real Estate Properties
    REAL ESTATE PROPERTIES
     
    EastGroup has one reportable segment – industrial properties.  These properties are concentrated in major Sunbelt markets of the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina, have similar economic characteristics and also meet the other criteria permitting the properties to be aggregated into one reportable segment.

    The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.  Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows (including estimated future expenditures necessary to substantially complete the asset) expected to be generated by the asset.  If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset.  As of June 30, 2015 and December 31, 2014, the Company determined that no impairment charges on the Company’s real estate properties were necessary.

    Depreciation of buildings and other improvements is computed using the straight-line method over estimated useful lives of generally 40 years for buildings and 3 to 15 years for improvements.  Building improvements are capitalized, while maintenance and repair expenses are charged to expense as incurred.  Significant renovations and improvements that improve or extend the useful life of the assets are capitalized.  Depreciation expense was $14,720,000 and $29,558,000 for the three and six months ended June 30, 2015, respectively, and $14,094,000 and $28,067,000 for the same periods in 2014.













    The Company’s real estate properties and development at June 30, 2015 and December 31, 2014 were as follows:
     
    June 30,
    2015
     
    December 31,
    2014
     
    (In thousands)
    Real estate properties:
     
     
     
       Land                                                                  
    $
    286,708

     
    283,116

       Buildings and building improvements                                          
    1,311,445

     
    1,284,961

       Tenant and other improvements                                                                  
    334,808

     
    326,896

    Development                                                                  
    198,143

     
    179,973

     
    2,131,104

     
    2,074,946

       Less accumulated depreciation                                                                  
    (627,336
    )
     
    (600,526
    )
     
    $
    1,503,768

     
    1,474,420
    XML 52 R11.htm IDEA: XBRL DOCUMENT v3.2.0.727
    USE OF ESTIMATES
    		 6 Months Ended
    Jun. 30, 2015
    Accounting Policies [Abstract]  
    Use of Estimates
    USE OF ESTIMATES
     
    The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the reporting period and to disclose material contingent assets and liabilities at the date of the financial statements.  Actual results could differ from those estimates.
    XML 53 R23.htm IDEA: XBRL DOCUMENT v3.2.0.727
    STOCK-BASED COMPENSATION
    		 6 Months Ended
    Jun. 30, 2015
    Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
    Stock-Based Compensation
    STOCK-BASED COMPENSATION
     
    EastGroup applies the provisions of ASC 718, Compensation - Stock Compensation, to account for its stock-based compensation plans. ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the financial statements and that the cost be measured on the fair value of the equity or liability instruments issued.

    Stock-based compensation cost for employees was $1,839,000 and $4,180,000 for the three and six months ended June 30, 2015, respectively, of which $399,000 and $821,000 were capitalized as part of the Company's development costs. For the three and six months ended June 30, 2014, stock-based compensation cost for employees was $1,348,000 and $3,417,000, respectively, of which $321,000 and $832,000 were capitalized as part of the Company’s development costs.

    Stock-based compensation expense for directors was $124,000 and $248,000 for the three and six months ended June 30, 2015, respectively, and $120,000 and $239,000 for the same periods of 2014.

    In the second quarter of 2015, the Company’s Board of Directors approved an equity compensation plan for its executive officers based upon certain annual performance measures (primarily funds from operations (FFO) per share and total shareholder return).  Any shares issued pursuant to this compensation plan will be determined by the Compensation Committee in its discretion and issued in the first quarter of 2016.  The number of shares to be issued on the grant date could range from zero to 49,366.  These shares will vest 20% on the date shares are determined and awarded and generally will vest 20% per year on each January 1 for the subsequent four years.

    Also in the second quarter of 2015, EastGroup’s Board of Directors approved a long-term equity compensation plan for the Company’s executive officers. The awards will be based on the results of the Company's total shareholder return, both on an absolute basis for 2015 as well as on a relative basis compared to the NAREIT Equity Index, NAREIT Industrial Index and Russell 2000 Index over the five-year period ending December 31, 2015. Any shares issued pursuant to this equity compensation plan will be determined by the Compensation Committee in its discretion and issued in the first quarter of 2016.  The number of shares to be issued on the grant date could range from zero to 51,432.  These shares will vest 25% on the date shares are determined and awarded and generally will vest 25% per year on each January 1 for the subsequent three years.

    During the second quarter of 2015, 23,525 shares were granted to certain non-executive officers subject only to continued service as of the vesting date. These shares, which have a grant date fair value of $60.89 per share, will vest 20% per year on January 1 in years 2016, 2017, 2018, 2019 and 2020.

    Notwithstanding the foregoing, shares issued to the Company’s Chief Executive Officer, David H. Hoster II, and Chief Financial Officer, N. Keith McKey, will become fully vested no later than January 1, 2016 and April 6, 2016, respectively.

    Following is a summary of the total restricted shares granted, forfeited and delivered (vested) to participants with the related weighted average grant date fair value share prices.  Of the shares that vested in the first six months of 2015, the Company withheld 32,409 shares to satisfy the tax obligations for those participants who elected this option as permitted under the applicable equity plan.  As of the vesting date, the fair value of shares that vested during the first six months of 2015 was $6,664,000.
     
    Three Months Ended
     
    Six Months Ended
    Award Activity:
    June 30, 2015
     
    June 30, 2015
     
     
     
    Shares
     
    Weighted Average Grant Date Fair Value
     
     
     
    Shares
     
    Weighted Average Grant Date Fair Value
    Unvested at beginning of period
    237,485

     
    $
    51.88

     
    266,223

     
    $
    49.81

    Granted
    23,525

     
    60.89

     
    100,622

     
    61.07

    Forfeited 
    —

     
    —

     
    —

     
    —

    Vested 
    —

     
    —

     
    (105,835
    )
     
    53.40

    Unvested at end of period 
    261,010

     
    $
    52.69

     
    261,010

     
    $
    52.69
    XML 54 R19.htm IDEA: XBRL DOCUMENT v3.2.0.727
    OTHER LIABILITIES
    		 6 Months Ended
    Jun. 30, 2015
    Other Liabilities Disclosure [Abstract]  
    Other Liabilities
    OTHER LIABILITIES
     
    A summary of the Company’s Other Liabilities follows:
     
    June 30,
    2015
     
    December 31,
    2014
     
    (In thousands)
    Security deposits                                                                                  
    $
    13,072

     
    12,803

    Prepaid rent and other deferred income                                                     
    9,028

     
    8,971

     
     
     
     
    Acquired below-market lease intangibles
    3,371

     
    3,657

         Accumulated amortization of below-market lease intangibles
    (1,444
    )
     
    (1,380
    )
    Acquired below-market lease intangibles, net of accumulated amortization
    1,927

     
    2,277

     
     
     
     
    Interest rate swap liabilities
    3,479

     
    3,314

    Prepaid tenant improvement reimbursements
    31

     
    212

    Other liabilities                                                                                  
    316

     
    16

     Total Other Liabilities
    $
    27,853

     
    27,593
    XML 55 R15.htm IDEA: XBRL DOCUMENT v3.2.0.727
    REAL ESTATE HELD FOR SALE DISCONTINUED OPERATIONS
    		 6 Months Ended
    Jun. 30, 2015
    Discontinued Operations and Disposal Groups [Abstract]  
    Real Estate Held For Sale and Discontinued Operations
    REAL ESTATE HELD FOR SALE/DISCONTINUED OPERATIONS
     
    The Company considers a real estate property to be held for sale when it meets the criteria established under ASC 360, Property, Plant and Equipment, including when it is probable that the property will be sold within a year.  Real estate properties held for sale are reported at the lower of the carrying amount or fair value less estimated costs to sell and are not depreciated while they are held for sale.  

    In April 2014, the FASB issued Accounting Standards Update (ASU) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which amended the requirements for reporting discontinued operations. Under ASU 2014-08, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when the component or group of components meets the criteria to be classified as held for sale or when the component or group of components is disposed of by sale or other than by sale. In addition, this ASU requires additional disclosures about both discontinued operations and the disposal of an individually significant component of an entity that does not qualify for discontinued operations presentation in the financial statements. The Company adopted the provisions of ASU 2014-08 as of January 1, 2014, and has applied the provisions prospectively.

    EastGroup sold a small parcel of land in New Orleans during the first quarter of 2015 for gross proceeds of $170,000 and recognized a gain of $123,000. During the second quarter of 2015, EastGroup sold one operating property, the last of its three Ambassador Row Warehouses containing 185,000 square feet, for $5,250,000 and recognized a gain of $2,903,000.

    During 2014, EastGroup sold five operating properties (442,000 square feet) for $21,381,000 and recognized gains of $9,188,000. In addition, the Company sold a small parcel of land in Orlando for $141,000 and recognized a gain of $98,000.

    The results of operations and gains on sales for the properties sold or held for sale during the periods presented are reported in continuing operations on the Consolidated Statements of Income and Comprehensive Income. The gains on the sales of land are included in Other, and the gains on the sales of operating properties are included in Gains on sales of real estate investments.
    XML 56 R13.htm IDEA: XBRL DOCUMENT v3.2.0.727
    DEVELOPMENT
    		 6 Months Ended
    Jun. 30, 2015
    DEVELOPMENT [Abstract]  
    Development
    DEVELOPMENT
     
    During the period in which a property is under development, costs associated with development (i.e., land, construction costs, interest expense, property taxes and other direct and indirect costs associated with development) are aggregated into the total capitalized costs of the property.  Included in these costs are management’s estimates for the portions of internal costs (primarily personnel costs) deemed directly or indirectly related to such development activities. The internal costs are allocated to specific development properties based on construction activity. As the property becomes occupied, depreciation commences on the occupied portion of the building, and costs are capitalized only for the portion of the building that remains vacant.  When the property becomes 80% occupied or one year after completion of the shell construction (whichever comes first), capitalization of development costs, including interest expense, property taxes and internal personnel costs, ceases.  The properties are then transferred to Real estate properties, and depreciation commences on the entire property (excluding the land).
    XML 57 R14.htm IDEA: XBRL DOCUMENT v3.2.0.727
    BUSINESS COMBINATIONS AND ACQUIRED INTANGIBLES
    		 6 Months Ended
    Jun. 30, 2015
    Business Combinations [Abstract]  
    Business Combinations and Acquired Intangibles
    BUSINESS COMBINATIONS AND ACQUIRED INTANGIBLES
     
    Upon acquisition of real estate properties, the Company applies the principles of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 805, Business Combinations, which requires that acquisition-related costs be recognized as expenses in the periods in which the costs are incurred and the services are received.  The Codification also provides guidance on how to properly determine the allocation of the purchase price among the individual components of both the tangible and intangible assets based on their respective fair values.  Goodwill is recorded when the purchase price exceeds the fair value of the assets and liabilities acquired.  Factors considered by management in allocating the cost of the properties acquired include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases.  The allocation to tangible assets (land, building and improvements) is based upon management's determination of the value of the property as if it were vacant using discounted cash flow models.  The Company determines whether any financing assumed is above or below market based upon comparison to similar financing terms for similar properties.  The cost of the properties acquired may be adjusted based on indebtedness assumed from the seller that is determined to be above or below market rates.  
     
    The purchase price is also allocated among the following categories of intangible assets:  the above or below market component of in-place leases, the value of in-place leases, and the value of customer relationships.  The value allocable to the above or below market component of an acquired in-place lease is determined based upon the present value (using a discount rate reflecting the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of the amounts that would be paid using fair market rates over the remaining term of the lease.  The amounts allocated to above and below market leases are included in Other Assets and Other Liabilities, respectively, on the Consolidated Balance Sheets and are amortized to rental income over the remaining terms of the respective leases.  The total amount of intangible assets is further allocated to in-place lease values and customer relationship values based upon management’s assessment of their respective values.  These intangible assets are included in Other Assets on the Consolidated Balance Sheets and are amortized over the remaining term of the existing lease or the anticipated life of the customer relationship, as applicable.

    Amortization expense for in-place lease intangibles was $1,041,000 and $2,185,000 for the three and six months ended June 30, 2015, respectively, and $1,121,000 and $2,333,000 for the same periods in 2014. Amortization of above and below market leases increased rental income by $110,000 and $232,000 for the three and six months ended June 30, 2015, respectively, and $89,000 and $176,000 for the same periods in 2014.

    EastGroup did not acquire any operating properties during the six months ended June 30, 2015. During 2014, the Company acquired Ridge Creek Distribution Center III in Charlotte, North Carolina; Colorado Crossing Distribution Center in Austin, Texas; and Ramona Distribution Center in Chino, California. The Company purchased these properties for a total cost of $51,652,000, of which $47,477,000 was allocated to Real estate properties. The Company allocated $10,822,000 of the total purchase price to land using third party land valuations for the Charlotte, Austin and Chino markets. The market values are considered to be Level 3 inputs as defined by ASC 820, Fair Value Measurements and Disclosures (see Note 18 for additional information on ASC 820). Intangibles associated with the purchase of real estate were allocated as follows: $5,074,000 to in-place lease intangibles, $4,000 to above market leases (both included in Other Assets on the Consolidated Balance Sheets), and $903,000 to below market leases (included in Other Liabilities on the Consolidated Balance Sheets). These costs are amortized over the remaining lives of the associated leases in place at the time of acquisition. The Company paid cash of $48,805,000 for the properties and intangibles acquired, assumed a mortgage of $2,617,000 and recorded a premium of $230,000 to adjust the mortgage loan assumed to fair value.
     
    EastGroup did not have any acquisition-related costs for the three and six months ended June 30, 2015; during the three and six months ended June 30, 2014, the Company expensed acquisition-related costs of $160,000.

    The Company periodically reviews the recoverability of goodwill (at least annually) and the recoverability of other intangibles (on a quarterly basis) for possible impairment.  In management’s opinion, no impairment of goodwill or other intangibles existed at June 30, 2015 and December 31, 2014.
    XML 58 R16.htm IDEA: XBRL DOCUMENT v3.2.0.727
    OTHER ASSETS
    		 6 Months Ended
    Jun. 30, 2015
    Other Assets [Abstract]  
    Other Assets
    OTHER ASSETS
     
    A summary of the Company’s Other Assets follows:
     
    June 30,
    2015
     
    December 31,
    2014
     
    (In thousands)
    Leasing costs (principally commissions)                                                                                  
    $
    56,784

     
    56,171

    Accumulated amortization of leasing costs                                                       
    (22,486
    )
     
    (22,951
    )
    Leasing costs (principally commissions), net of accumulated amortization
    34,298

     
    33,220

     
     
     
     
    Straight-line rents receivable                                                                                  
    25,647

     
    25,013

    Allowance for doubtful accounts on straight-line rents receivable
    (272
    )
     
    (102
    )
    Straight-line rents receivable, net of allowance for doubtful accounts
    25,375

     
    24,911

     
     
     
     
    Accounts receivable                                                                                  
    2,820

     
    4,459

    Allowance for doubtful accounts on accounts receivable
    (310
    )
     
    (379
    )
    Accounts receivable, net of allowance for doubtful accounts
    2,510

     
    4,080

     
     
     
     
    Acquired in-place lease intangibles                                                                                  
    18,322

     
    20,118

    Accumulated amortization of acquired in-place lease intangibles
    (8,734
    )
     
    (8,345
    )
    Acquired in-place lease intangibles, net of accumulated amortization
    9,588

     
    11,773

     
     
     
     
    Acquired above market lease intangibles                                                                                  
    1,444

     
    1,575

    Accumulated amortization of acquired above market lease intangibles
    (686
    )
     
    (699
    )
    Acquired above market lease intangibles, net of accumulated amortization
    758

     
    876

     
     
     
     
    Loan costs                                                                                  
    8,140

     
    8,166

    Accumulated amortization of loan costs                                                         
    (4,474
    )
     
    (4,454
    )
    Loan costs, net of accumulated amortization                                                     
    3,666

     
    3,712

     
     
     
     
    Mortgage loans receivable                                                                                  
    4,934

     
    4,991

    Interest rate swap assets
    1,585

     
    812

    Escrow deposits for 1031 exchange
    —

     
    698

    Receivable for development infrastructure cost reimbursements
    2,020

     
    —

    Goodwill                                                                                  
    990

     
    990

    Prepaid expenses and other assets                                                                                  
    5,888

     
    7,446

    Total Other Assets
    $
    91,612

     
    93,509
    XML 59 R34.htm IDEA: XBRL DOCUMENT v3.2.0.727
    COMPREHENSIVE INCOME (Tables)
    		 6 Months Ended
    Jun. 30, 2015
    COMPREHENSIVE INCOME [Abstract]  
    Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
    The components of Accumulated Other Comprehensive Income (Loss) are presented in the Company's Consolidated Statement of Changes in Equity and are summarized below. See Note 13 for information regarding the Company's interest rate swaps.
     
    Three Months Ended
    June 30,
     
    Six Months Ended
    June 30,
     
    2015
     
    2014
     
    2015
     
    2014
     
    (In thousands)
    ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):
     
     
     
    Balance at beginning of period
    $
    (4,892
    )
     
    592

     
    (2,357
    )
     
    1,629

        Change in fair value of interest rate swaps
    3,122

     
    (1,740
    )
     
    587

     
    (2,777
    )
    Balance at end of period
    $
    (1,770
    )
     
    (1,148
    )
     
    (1,770
    )
     
    (1,148
    )
    XML 60 R51.htm IDEA: XBRL DOCUMENT v3.2.0.727
    STOCK-BASED COMPENSATION (Details) - USD ($)
    		 3 Months Ended 6 Months Ended
    Jun. 30, 2015
    Jun. 30, 2014
    Jun. 30, 2015
    Jun. 30, 2014
    Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
    Allocated Share-based Compensation Expense     $ (4,709,000)  
    Award Recipient Type Employee [Member] | Restricted Stock [Member]        
    Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
    Stock-based compensation costs capitalized as development costs $ 399,000 $ 321,000 821,000 $ 832,000
    Allocated Share-based Compensation Expense $ 1,839,000 1,348,000 $ 4,180,000 3,417,000
    Shares withheld for tax obligations     32,409  
    Fair value of shares vested as of the vesting date     $ 6,664,000  
    Award Recipient Type Employee [Member] | Restricted Stock [Member] | Non Executive Officers [Member]        
    Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
    Share Based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Rights (% vesting per year in future years) 20.00%      
    Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted 23,525      
    Grant date fair value of shares issued (in dollars per share) $ 60.89      
    Weighted Average Grant Date Fair Value [Abstract]        
    Granted (per share) 60.89      
    Award Recipient Type Employee [Member] | Equity Incentive Plan 2013 [Member] | Restricted Stock [Member] | Company Performance Awards [Member] | Executive Officer [Member]        
    Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
    Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (minimum)     0  
    Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (maximum)     49,366  
    Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of future vesting that will occur on grant date     20.00%  
    Share Based Compensation Arrangement By Share Based Payment Award Possible Shares To Be Awarded Vesting Rights     20.00%  
    Award Recipient Type Employee [Member] | Equity Incentive Plan 2013 [Member] | Restricted Stock [Member] | Shareholder Return Awards [Member] | Executive Officer [Member]        
    Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
    Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (minimum)     0  
    Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (maximum)     51,432  
    Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of future vesting that will occur on grant date     25.00%  
    Share Based Compensation Arrangement By Share Based Payment Award Possible Shares To Be Awarded Vesting Rights     25.00%  
    Award Recipient Type Employees and Directors [Member]        
    Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
    Grant date fair value of shares issued (in dollars per share) $ 60.89   $ 61.07  
    Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]        
    Unvested at beginning of period (in shares) 237,485   266,223  
    Granted (in shares) 23,525   100,622  
    Forfeited (in shares) 0   0  
    Vested (in shares) 0   (105,835)  
    Unvested at end of period (in shares) 261,010   261,010  
    Weighted Average Grant Date Fair Value [Abstract]        
    Unvested at beginning of period (per share) $ 51.88   $ 49.81  
    Granted (per share) 60.89   61.07  
    Forfeited (per share) 0.00   0.00  
    Vested (per share) 0.00   53.40  
    Unvested at end of period (per share) $ 52.69   $ 52.69  
    Award Recipient Type Director [Member]        
    Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
    Allocated Share-based Compensation Expense $ 124,000 $ 120,000 $ 248,000 $ 239,000
    XML 61 R21.htm IDEA: XBRL DOCUMENT v3.2.0.727
    DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
    		 6 Months Ended
    Jun. 30, 2015
    DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]  
    Derivative Instruments and Hedging Activities Disclosure [Text Block]
    DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
     
    The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risk, including interest rate, liquidity and credit risk primarily by managing the amount, sources and duration of its debt funding and, to a limited extent, the use of derivative instruments.

    Specifically, the Company has entered into derivative instruments to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company's derivative instruments, described below, are used to manage differences in the amount, timing and duration of the Company's known or expected cash payments principally related to certain of the Company's borrowings.

    The Company's objective in using interest rate derivatives is to manage exposure to interest rate movements and add stability to interest expense. To accomplish this objective, the Company uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. 

    As of June 30, 2015, the Company had five interest rate swaps outstanding, all of which are used to hedge the variable cash flows associated with unsecured loans. The Company executed an $80,000,000 interest rate swap associated with an $80,000,000 unsecured loan during the third quarter of 2012. During the third quarter of 2013, the Company entered into two forward starting interest rate swaps totaling $75,000,000 which are hedging an unsecured loan which closed in December 2013. During the third quarter of 2014, the Company executed a $75,000,000 interest rate swap associated with a $75,000,000 unsecured loan. During the first quarter of 2015, EastGroup executed a $75,000,000 interest rate swap associated with a $75,000,000 unsecured loan. All of the aforementioned interest rate swaps convert the related loans' LIBOR rate components to fixed interest rates for the entire terms of the loans, and the Company has concluded that each of the hedging relationships is highly effective.

    The effective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in Other Comprehensive Income (Loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives, which is immaterial for the periods reported, is recognized directly in earnings (included in Other on the Consolidated Statements of Income and Comprehensive Income).

    Amounts reported in Other Comprehensive Income (Loss) related to derivatives will be reclassified to Interest Expense as interest payments are made on the Company's variable-rate debt. The Company estimates that an additional $3,810,000 will be reclassified from Other Comprehensive Income (Loss) as an increase to Interest Expense over the next twelve months.

    The Company's valuation methodology for over-the-counter (“OTC”) derivatives is to discount cash flows based on Overnight Index Swap (“OIS”) rates.  Uncollateralized or partially-collateralized trades are discounted at OIS, but include appropriate economic adjustments for funding costs (i.e., a LIBOR-OIS basis adjustment to approximate uncollateralized cost of funds) and credit risk.  As of January 15, 2015, the Company began calculating its derivative valuations using mid-market prices; prior to that date, the Company used bid-market prices. The change in valuation methodology is considered a change in accounting estimate and is the result of recent developments in the marketplace. Management has assessed the impact of the change for all periods presented and has deemed the impact to be immaterial.





    As of June 30, 2015 and December 31, 2014, the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk:
    Interest Rate Derivative
     
    Notional Amount as of June 30, 2015
     
    Notional Amount as of December 31, 2014
     
     
    (In thousands)
    Interest Rate Swap
     
    $80,000
     
    $80,000
    Interest Rate Swap
     
    $75,000
     
    $75,000
    Interest Rate Swap
     
    $75,000
     
    —
    Interest Rate Swap
     
    $60,000
     
    $60,000
    Interest Rate Swap
     
    $15,000
     
    $15,000


    The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of June 30, 2015 and December 31, 2014. See Note 18 for additional information on the fair value of the Company's interest rate swaps.
     
    Derivatives
    As of June 30, 2015
     
    Derivatives
    As of December 31, 2014
     
    Balance Sheet Location
     
    Fair Value
     
    Balance Sheet Location
     
    Fair Value
     
    (In thousands)
    Derivatives designated as cash flow hedges:
     
     
     
     
     
     
     
        Interest rate swap assets
    Other Assets
     
    $
    1,585

     
    Other Assets
     
    $
    812

        Interest rate swap liabilities
    Other Liabilities
     
    3,479

     
    Other Liabilities
     
    3,314



    The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the three and six months ended June 30, 2015 and 2014:
     
    Three Months Ended
    June 30,
     
    Six Months Ended June 30,
     
    2015
     
    2014
     
    2015
     
    2014
     
    (In thousands)
    DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS
     
     
     
     
     
     
     
    Interest Rate Swaps:
     
     
     
     
     
     
     
      Amount of income (loss) recognized in Other Comprehensive Income (Loss) on derivatives                                                                                                     
    $
    2,006

     
    (2,321
    )
     
    (1,462
    )
     
    (3,922
    )
      Amount of loss reclassified from Accumulated Other Comprehensive Loss into Interest Expense                                                                                               
    (1,116
    )
     
    (581
    )
     
    (2,049
    )
     
    (1,145
    )


    See Note 12 for additional information on the Company's Accumulated Other Comprehensive Loss resulting from its interest rate swaps.

    Derivative financial agreements expose the Company to credit risk in the event of non-performance by the counterparties under the terms of the interest rate hedge agreements. The Company believes it minimizes the credit risk by transacting with financial institutions the Company regards as credit-worthy.

    The Company has an agreement with its derivative counterparties containing a provision stating that the Company could be declared in default on its derivative obligations if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender.

    As of June 30, 2015, the fair value of derivatives in an asset position related to these agreements was $1,585,000, and the fair value of derivatives in a liability position related to these agreements was $3,479,000. If the Company breached any of the contractual provisions of the derivative contracts, it could be required to settle its obligation under the agreements at the swap termination value. As of June 30, 2015, the swap termination value of derivatives in an asset position was an asset in the amount of $1,631,000, and the swap termination value of derivatives in a liability position was a liability in the amount of $3,517,000.
    XML 62 R26.htm IDEA: XBRL DOCUMENT v3.2.0.727
    FAIR VALUE OF FINANCIAL INSTRUMENTS
    		 6 Months Ended
    Jun. 30, 2015
    Fair Value Disclosures [Abstract]  
    Fair Value of Financial Instruments
    FAIR VALUE OF FINANCIAL INSTRUMENTS
     
    ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  ASC 820 also provides guidance for using fair value to measure financial assets and liabilities.  The Codification requires disclosure of the level within the fair value hierarchy in which the fair value measurements fall, including measurements using quoted prices in active markets for identical assets or liabilities (Level 1), quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active (Level 2), and significant valuation assumptions that are not readily observable in the market (Level 3).

    The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments in accordance with ASC 820 at June 30, 2015 and December 31, 2014.
     
    June 30, 2015
     
    December 31, 2014
     
    Carrying Amount (1)
     
    Fair Value
     
    Carrying Amount (1)
     
    Fair Value
     
    (In thousands)
    Financial Assets:
     
     
     
     
     
     
     
    Cash and cash equivalents
    $
    13

     
    13

     
    11

     
    11

     Cash held in escrow for 1031 exchange
    —

     
    —

     
    698

     
    698

       Mortgage loans receivable                                 
    4,934

     
    4,978

     
    4,991

     
    5,055

       Interest rate swap assets                             
    1,585

     
    1,585

     
    812

     
    812

    Financial Liabilities:
     

     
     

     
     

     
     

    Secured debt
    385,714

     
    405,240

     
    453,776

     
    478,659

    Unsecured debt
    455,000

     
    428,493

     
    380,000

     
    364,295

     Unsecured bank credit facilities
    133,328

     
    133,688

     
    99,401

     
    99,638

       Interest rate swap liabilities                                     
    3,479

     
    3,479

     
    3,314

     
    3,314

    (1) Carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions, except as explained in the notes below.

    The following methods and assumptions were used to estimate the fair value of each class of financial instruments:

    Cash and cash equivalents:  The carrying amounts approximate fair value due to the short maturity of those instruments.
    Cash held in escrow for 1031 exchange (included in Other Assets on the Consolidated Balance Sheets):  The carrying amounts approximate fair value due to the short maturity of those instruments.
    Mortgage loans receivable (included in Other Assets on the Consolidated Balance Sheets):  The fair value is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities (Level 2 input).
    Interest rate swap assets (included in Other Assets on the Consolidated Balance Sheets): The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps.
    Secured debt: The fair value of the Company’s secured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company’s bankers (Level 2 input).
    Unsecured debt:  The fair value of the Company’s unsecured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company’s bankers (Level 2 input).
    Unsecured bank credit facilities: The fair value of the Company’s unsecured bank credit facilities is estimated by discounting expected cash flows at current market rates (Level 2 input).
    Interest rate swap liabilities (included in Other Liabilities on the Consolidated Balance Sheets): The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps.
    XML 63 R49.htm IDEA: XBRL DOCUMENT v3.2.0.727
    DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)
    		 3 Months Ended 6 Months Ended
    Jun. 30, 2015
    USD ($)
    Integer
    Jun. 30, 2014
    USD ($)
    Sep. 30, 2013
    USD ($)
    Jun. 30, 2015
    USD ($)
    Integer
    Jun. 30, 2014
    USD ($)
    Mar. 31, 2015
    USD ($)
    Dec. 31, 2014
    USD ($)
    Sep. 30, 2014
    USD ($)
    Sep. 30, 2012
    USD ($)
    Derivative [Line Items]                  
    Number of interest rate swaps | Integer 5     5          
    Interest Rate Cash Flow Hedge Assets at Fair Value $ 1,585,000     $ 1,585,000     $ 812,000    
    Interest rate cash flow hedge liabilities at fair value 3,479,000     3,479,000     3,314,000    
    Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                  
    Derivative [Line Items]                  
    Derivative Instruments, Income (Loss) Recognized in Other Comprehensive Loss, Effective Portion, Net 2,006,000 $ (2,321,000)   (1,462,000) $ (3,922,000)        
    Amount of loss reclassified from accumulated other comprehensive loss into interest expense (1,116,000) $ (581,000)   (2,049,000) $ (1,145,000)        
    Cash flow hedge amount to be reclassified to Interest Expense in next 12 months [Line Items] 3,810,000     3,810,000          
    Designated as Hedging Instrument [Member] | Other Assets [Member] | Interest Rate Swap [Member]                  
    Derivative [Line Items]                  
    Interest Rate Cash Flow Hedge Assets at Fair Value 1,585,000     1,585,000     812,000    
    Interest rate swap cash flow hedge termination value 1,631,000     1,631,000          
    Designated as Hedging Instrument [Member] | Other Liabilities [Member] | Interest Rate Swap [Member]                  
    Derivative [Line Items]                  
    Interest rate cash flow hedge liabilities at fair value 3,479,000     3,479,000     3,314,000    
    Interest rate swap cash flow hedge termination value 3,517,000     3,517,000          
    $80 million interest rate swap [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                  
    Derivative [Line Items]                  
    Notional Amount of Interest Rate Derivatives 80,000,000     80,000,000     80,000,000   $ 80,000,000
    $75 million interest rate swap executed in 2014 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                  
    Derivative [Line Items]                  
    Notional Amount of Interest Rate Derivatives 75,000,000     75,000,000     75,000,000 $ 75,000,000  
    Eighty Million Unsecured Term Loan [Member]                  
    Derivative [Line Items]                  
    Term Loan Notional Amount Associated with Interest Rate Swap Derivative             80,000,000   $ 80,000,000
    $60 million interest rate swap [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                  
    Derivative [Line Items]                  
    Notional Amount of Interest Rate Derivatives 60,000,000     60,000,000     60,000,000    
    $15 million interest rate swap [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                  
    Derivative [Line Items]                  
    Notional Amount of Interest Rate Derivatives 15,000,000     15,000,000     15,000,000    
    Seventy-five Million Unsecured Term Loan [Member]                  
    Derivative [Line Items]                  
    Term Loan Notional Amount Associated with Interest Rate Swap Derivative             75,000,000    
    $75 million interest rate swaps [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                  
    Derivative [Line Items]                  
    Notional Amount of Interest Rate Derivatives     $ 75,000,000            
    Number of interest rate swaps entered into during period     2            
    Seventy-Five Million Unsecured Term Loan executed in 2014 [Member]                  
    Derivative [Line Items]                  
    Term Loan Notional Amount Associated with Interest Rate Swap Derivative               $ 75,000,000  
    $75 million interest rate swap executed in 2015 [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                  
    Derivative [Line Items]                  
    Notional Amount of Interest Rate Derivatives $ 75,000,000     $ 75,000,000     $ 0    
    Seventy-Five Million Unsecured Term Loan executed in 2015 [Member]                  
    Derivative [Line Items]                  
    Notional Amount of Interest Rate Derivatives           $ 75,000,000      
    Term Loan Notional Amount Associated with Interest Rate Swap Derivative           $ 75,000,000      
    XML 64 R41.htm IDEA: XBRL DOCUMENT v3.2.0.727
    DEVELOPMENT (Details) - Jun. 30, 2015
    Total
    DEVELOPMENT [Abstract]  
    Percentage of Property Occupation by Tenants when Development Cost Ceased Being Capitalized 80.00%
    Length of Time After Project Completion When Development Cost are no Longer Capitalized 1 year
    XML 65 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
    CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited - 6 months ended Jun. 30, 2015 - USD ($)
    $ in Thousands
    Total
    Common Stock
    Additional Paid-in Capital
    Distributions In Excess Of Earnings
    Accumulated Other Comprehensive Loss
    Noncontrolling Interest in Joint Ventures
    BALANCE at Dec. 31, 2014 $ 575,615 $ 3 $ 874,335 $ (300,852) $ (2,357) $ 4,486
    Increase (Decrease) in Stockholders' Equity [Roll Forward]            
    Net income 24,724 0 0 24,463 0 261
    Net unrealized change in fair value of interest rate swaps 587 0 0 0 587 0
    Common dividends declared - $1.14 per share (37,003) 0 0 (37,003) 0 0
    Stock-based compensation, net of forfeitures 4,709 0 4,709 0 0 0
    Issuance of 1,688 shares of common stock, common stock offering, net of expenses 52 0 52 0 0 0
    Issuance of 2,160 shares of common stock, dividend reinvestment plan 126 0 126 0 0 0
    Withheld 32,409 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock (2,041) 0 (2,041) 0 0 0
    Distributions to noncontrolling interest (347) 0 0 0 0 (347)
    BALANCE at Jun. 30, 2015 $ 566,422 $ 3 $ 877,181 $ (313,392) $ (1,770) $ 4,400
    XML 66 R10.htm IDEA: XBRL DOCUMENT v3.2.0.727
    PRINCIPLES OF CONSOLIDATION
    		 6 Months Ended
    Jun. 30, 2015
    Organization, Consolidation and Presentation of Financial Statements [Abstract]  
    Principles of Consolidation
    PRINCIPLES OF CONSOLIDATION
     
    The consolidated financial statements include the accounts of EastGroup Properties, Inc., its wholly owned subsidiaries and its investment in any joint ventures in which the Company has a controlling interest.  At June 30, 2015 and December 31, 2014, the Company had a controlling interest in two joint ventures: the 80% owned University Business Center and the 80% owned Castilian Research Center.  The Company records 100% of the joint ventures’ assets, liabilities, revenues and expenses with noncontrolling interests provided for in accordance with the joint venture agreements.  The equity method of accounting is used for the Company’s 50% undivided tenant-in-common interest in Industry Distribution Center II.  All significant intercompany transactions and accounts have been eliminated in consolidation.
    XML 67 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
    SUBSEQUENT EVENTS
    		 6 Months Ended
    Jun. 30, 2015
    Subsequent Event [Line Items]  
    Subsequent Events [Text Block]
    SUBSEQUENT EVENTS

    EastGroup's current $225 million and $25 million unsecured bank credit facilities have margins over LIBOR of 117.5 basis points, facility fees of 22.5 basis points and maturity dates of January 5, 2017. The Company has negotiated terms to amend the credit facilities and expects to close on the amended agreements by the end of July. The amended agreements expand the current facilities to $300 million and $35 million, reduce the margins to 100 basis points and the facility fees to 20 basis points, and extend the maturity dates to four years from closing. The amended $300 million agreement contains an option for a one-year extension (at the Company's election) and a $150 million expansion (with agreement by both parties). The $35 million agreement contains a provision that the credit facility would automatically be extended for one year if the extension option in the $300 million facility is exercised. The transaction is expected to close by the end of July 2015, subject to due diligence and completion of final documentation.

    EastGroup has also entered into an agreement in principle with two insurance companies under which the Company plans to issue $75 million of senior unsecured private placement notes which are expected to close in October. The 10-year notes will have a weighted average interest rate of 3.98% with semi-annual interest payments. The notes will not be and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The transaction is expected to close in October 2015, and the issuance of the notes in this private placement is subject to due diligence and completion of final documentation.
    XML 68 FilingSummary.xml IDEA: XBRL DOCUMENT 3.2.0.727 html 108 263 1 false 53 0 false 8 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://www.eastgroup.net/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 1001000 - Statement - CONSOLIDATED BALANCE SHEETS - Unaudited Sheet http://www.eastgroup.net/role/ConsolidatedBalanceSheetsUnaudited CONSOLIDATED BALANCE SHEETS - Unaudited Statements 2 false false R3.htm 1001501 - Statement - CONSOLIDATED BALANCE SHEETS - Unaudited (Parenthetical) Sheet http://www.eastgroup.net/role/ConsolidatedBalanceSheetsUnauditedParenthetical CONSOLIDATED BALANCE SHEETS - Unaudited (Parenthetical) Statements 3 false false R4.htm 1002000 - Statement - CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited Sheet http://www.eastgroup.net/role/ConsolidatedStatementsOfIncomeAndComprehensiveIncomeUnaudited CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited Statements 4 false false R5.htm 1003000 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited Sheet http://www.eastgroup.net/role/ConsolidatedStatementsOfChangesInEquityUnaudited CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited Statements 5 false false R6.htm 1003501 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited (Parenthetical) Sheet http://www.eastgroup.net/role/ConsolidatedStatementsOfChangesInEquityUnauditedParenthetical CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Unaudited (Parenthetical) Statements 6 false false R7.htm 1004000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited Sheet http://www.eastgroup.net/role/ConsolidatedStatementsOfCashFlowsUnaudited CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited Statements 7 false false R8.htm 1004501 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited (Parenthetical) Sheet http://www.eastgroup.net/role/ConsolidatedStatementsOfCashFlowsUnauditedParenthetical CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited (Parenthetical) Statements 8 false false R9.htm 2101100 - Disclosure - BASIS OF PRESENTATION Sheet http://www.eastgroup.net/role/BasisOfPresentation BASIS OF PRESENTATION Notes 9 false false R10.htm 2101100 - Disclosure - PRINCIPLES OF CONSOLIDATION Sheet http://www.eastgroup.net/role/PrinciplesOfConsolidation PRINCIPLES OF CONSOLIDATION Notes 10 false false R11.htm 2102100 - Disclosure - USE OF ESTIMATES Sheet http://www.eastgroup.net/role/UseOfEstimates USE OF ESTIMATES Notes 11 false false R12.htm 2103100 - Disclosure - REAL ESTATE PROPERTIES Sheet http://www.eastgroup.net/role/RealEstateProperties REAL ESTATE PROPERTIES Notes 12 false false R13.htm 2104100 - Disclosure - DEVELOPMENT Sheet http://www.eastgroup.net/role/Development DEVELOPMENT Notes 13 false false R14.htm 2105100 - Disclosure - BUSINESS COMBINATIONS AND ACQUIRED INTANGIBLES Sheet http://www.eastgroup.net/role/BusinessCombinationsAndAcquiredIntangibles BUSINESS COMBINATIONS AND ACQUIRED INTANGIBLES Notes 14 false false R15.htm 2106100 - Disclosure - REAL ESTATE HELD FOR SALE DISCONTINUED OPERATIONS Sheet http://www.eastgroup.net/role/RealEstateHeldForSaleDiscontinuedOperations REAL ESTATE HELD FOR SALE DISCONTINUED OPERATIONS Notes 15 false false R16.htm 2107100 - Disclosure - OTHER ASSETS Sheet http://www.eastgroup.net/role/OtherAssets OTHER ASSETS Notes 16 false false R17.htm 2108100 - Disclosure - DEBT Sheet http://www.eastgroup.net/role/Debt DEBT Notes 17 false false R18.htm 2109100 - Disclosure - ACCOUNTS PAYABLE AND ACCRUED EXPENSES Sheet http://www.eastgroup.net/role/AccountsPayableAndAccruedExpenses ACCOUNTS PAYABLE AND ACCRUED EXPENSES Notes 18 false false R19.htm 2110100 - Disclosure - OTHER LIABILITIES Sheet http://www.eastgroup.net/role/OtherLiabilities OTHER LIABILITIES Notes 19 false false R20.htm 2111100 - Disclosure - COMPREHENSIVE INCOME Sheet http://www.eastgroup.net/role/ComprehensiveIncome COMPREHENSIVE INCOME Notes 20 false false R21.htm 2112100 - Disclosure - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Sheet http://www.eastgroup.net/role/DerivativeInstrumentsAndHedgingActivities DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Notes 21 false false R22.htm 2113100 - Disclosure - EARNINGS PER SHARE Sheet http://www.eastgroup.net/role/EarningsPerShare EARNINGS PER SHARE Notes 22 false false R23.htm 2114100 - Disclosure - STOCK-BASED COMPENSATION Sheet http://www.eastgroup.net/role/StockBasedCompensation STOCK-BASED COMPENSATION Notes 23 false false R24.htm 2115100 - Disclosure - RISKS AND UNCERTAINTIES Sheet http://www.eastgroup.net/role/RisksAndUncertainties RISKS AND UNCERTAINTIES Notes 24 false false R25.htm 2116100 - Disclosure - RECENT ACCOUNTING PRONOUNCEMENTS Sheet http://www.eastgroup.net/role/RecentAccountingPronouncements RECENT ACCOUNTING PRONOUNCEMENTS Notes 25 false false R26.htm 2117100 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS Sheet http://www.eastgroup.net/role/FairValueOfFinancialInstruments FAIR VALUE OF FINANCIAL INSTRUMENTS Notes 26 false false R27.htm 2118100 - Disclosure - SUBSEQUENT EVENTS Sheet http://www.eastgroup.net/role/SubsequentEvents SUBSEQUENT EVENTS Notes 27 false false R28.htm 2201201 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://www.eastgroup.net/role/SignificantAccountingPoliciesPolicies SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 28 false false R29.htm 2303301 - Disclosure - REAL ESTATE PROPERTIES (Tables) Sheet http://www.eastgroup.net/role/RealEstatePropertiesTables REAL ESTATE PROPERTIES (Tables) Tables http://www.eastgroup.net/role/RealEstateProperties 29 false false R30.htm 2307301 - Disclosure - OTHER ASSETS (Tables) Sheet http://www.eastgroup.net/role/OtherAssetsTables OTHER ASSETS (Tables) Tables http://www.eastgroup.net/role/OtherAssets 30 false false R31.htm 2308301 - Disclosure - DEBT (Tables) Sheet http://www.eastgroup.net/role/DebtTables DEBT (Tables) Tables http://www.eastgroup.net/role/Debt 31 false false R32.htm 2309301 - Disclosure - ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables) Sheet http://www.eastgroup.net/role/AccountsPayableAndAccruedExpensesTables ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables) Tables http://www.eastgroup.net/role/AccountsPayableAndAccruedExpenses 32 false false R33.htm 2310301 - Disclosure - OTHER LIABILITIES (Tables) Sheet http://www.eastgroup.net/role/OtherLiabilitiesTables OTHER LIABILITIES (Tables) Tables http://www.eastgroup.net/role/OtherLiabilities 33 false false R34.htm 2311301 - Disclosure - COMPREHENSIVE INCOME (Tables) Sheet http://www.eastgroup.net/role/ComprehensiveIncomeTables COMPREHENSIVE INCOME (Tables) Tables http://www.eastgroup.net/role/ComprehensiveIncome 34 false false R35.htm 2312301 - Disclosure - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) Sheet http://www.eastgroup.net/role/DerivativeInstrumentsAndHedgingActivitiesTables DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) Tables http://www.eastgroup.net/role/DerivativeInstrumentsAndHedgingActivities 35 false false R36.htm 2313301 - Disclosure - EARNINGS PER SHARE (Tables) Sheet http://www.eastgroup.net/role/EarningsPerShareTables EARNINGS PER SHARE (Tables) Tables http://www.eastgroup.net/role/EarningsPerShare 36 false false R37.htm 2314301 - Disclosure - STOCK-BASED COMPENSATION (Tables) Sheet http://www.eastgroup.net/role/StockBasedCompensationTables STOCK-BASED COMPENSATION (Tables) Tables http://www.eastgroup.net/role/StockBasedCompensation 37 false false R38.htm 2317301 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) Sheet http://www.eastgroup.net/role/FairValueOfFinancialInstrumentsTables FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) Tables http://www.eastgroup.net/role/FairValueOfFinancialInstruments 38 false false R39.htm 2401402 - Disclosure - PRINCIPLES OF CONSOLIDATION (Details) Sheet http://www.eastgroup.net/role/PrinciplesOfConsolidationDetails PRINCIPLES OF CONSOLIDATION (Details) Details http://www.eastgroup.net/role/PrinciplesOfConsolidation 39 false false R40.htm 2403402 - Disclosure - REAL ESTATE PROPERTIES (Details) Sheet http://www.eastgroup.net/role/RealEstatePropertiesDetails REAL ESTATE PROPERTIES (Details) Details http://www.eastgroup.net/role/RealEstatePropertiesTables 40 false false R41.htm 2404401 - Disclosure - DEVELOPMENT (Details) Sheet http://www.eastgroup.net/role/DevelopmentDetails DEVELOPMENT (Details) Details http://www.eastgroup.net/role/Development 41 false false R42.htm 2405401 - Disclosure - BUSINESS COMBINATIONS AND ACQUIRED INTANGIBLES (Details) Sheet http://www.eastgroup.net/role/BusinessCombinationsAndAcquiredIntangiblesDetails BUSINESS COMBINATIONS AND ACQUIRED INTANGIBLES (Details) Details http://www.eastgroup.net/role/BusinessCombinationsAndAcquiredIntangibles 42 false false R43.htm 2406401 - Disclosure - REAL ESTATE HELD FOR SALE DISCONTINUED OPERATIONS (Details) Sheet http://www.eastgroup.net/role/RealEstateHeldForSaleDiscontinuedOperationsDetails REAL ESTATE HELD FOR SALE DISCONTINUED OPERATIONS (Details) Details http://www.eastgroup.net/role/RealEstateHeldForSaleDiscontinuedOperations 43 false false R44.htm 2407402 - Disclosure - OTHER ASSETS (Details) Sheet http://www.eastgroup.net/role/OtherAssetsDetails OTHER ASSETS (Details) Details http://www.eastgroup.net/role/OtherAssetsTables 44 false false R45.htm 2408402 - Disclosure - DEBT (Details) Sheet http://www.eastgroup.net/role/DebtDetails DEBT (Details) Details http://www.eastgroup.net/role/DebtTables 45 false false R46.htm 2409402 - Disclosure - ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) Sheet http://www.eastgroup.net/role/AccountsPayableAndAccruedExpensesDetails ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) Details http://www.eastgroup.net/role/AccountsPayableAndAccruedExpensesTables 46 false false R47.htm 2410402 - Disclosure - OTHER LIABILITIES (Details) Sheet http://www.eastgroup.net/role/OtherLiabilitiesDetails OTHER LIABILITIES (Details) Details http://www.eastgroup.net/role/OtherLiabilitiesTables 47 false false R48.htm 2411402 - Disclosure - COMPREHENSIVE INCOME (Details) Sheet http://www.eastgroup.net/role/ComprehensiveIncomeDetails COMPREHENSIVE INCOME (Details) Details http://www.eastgroup.net/role/ComprehensiveIncomeTables 48 false false R49.htm 2412402 - Disclosure - DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) Sheet http://www.eastgroup.net/role/DerivativeInstrumentsAndHedgingActivitiesDetails DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) Details http://www.eastgroup.net/role/DerivativeInstrumentsAndHedgingActivitiesTables 49 false false R50.htm 2413402 - Disclosure - EARNINGS PER SHARE (Details) Sheet http://www.eastgroup.net/role/EarningsPerShareDetails EARNINGS PER SHARE (Details) Details http://www.eastgroup.net/role/EarningsPerShareTables 50 false false R51.htm 2414402 - Disclosure - STOCK-BASED COMPENSATION (Details) Sheet http://www.eastgroup.net/role/StockBasedCompensationDetails STOCK-BASED COMPENSATION (Details) Details http://www.eastgroup.net/role/StockBasedCompensationTables 51 false false R52.htm 2417402 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) Sheet http://www.eastgroup.net/role/FairValueOfFinancialInstrumentsDetails FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) Details http://www.eastgroup.net/role/FairValueOfFinancialInstrumentsTables 52 false false R53.htm 2418401 - Disclosure - SUBSEQUENT EVENTS (Details) Sheet http://www.eastgroup.net/role/SubsequentEventsDetails SUBSEQUENT EVENTS (Details) Details http://www.eastgroup.net/role/SubsequentEvents 53 false false All Reports Book All Reports In ''CONSOLIDATED BALANCE SHEETS - Unaudited'', column(s) 2, 4, 5, 6 are contained in other reports, so were removed by flow through suppression. In ''CONSOLIDATED STATEMENTS OF CASH FLOWS - Unaudited'', column(s) 1, 2 are contained in other reports, so were removed by flow through suppression. egp-20150630.xml egp-20150630_cal.xml egp-20150630_def.xml egp-20150630_lab.xml egp-20150630_pre.xml egp-20150630.xsd true true XML 69 R38.htm IDEA: XBRL DOCUMENT v3.2.0.727
    FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
    		 6 Months Ended
    Jun. 30, 2015
    Fair Value Disclosures [Abstract]  
    Carrying amounts and fair value of financial instruments
    The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments in accordance with ASC 820 at June 30, 2015 and December 31, 2014.
     
    June 30, 2015
     
    December 31, 2014
     
    Carrying Amount (1)
     
    Fair Value
     
    Carrying Amount (1)
     
    Fair Value
     
    (In thousands)
    Financial Assets:
     
     
     
     
     
     
     
    Cash and cash equivalents
    $
    13

     
    13

     
    11

     
    11

     Cash held in escrow for 1031 exchange
    —

     
    —

     
    698

     
    698

       Mortgage loans receivable                                 
    4,934

     
    4,978

     
    4,991

     
    5,055

       Interest rate swap assets                             
    1,585

     
    1,585

     
    812

     
    812

    Financial Liabilities:
     

     
     

     
     

     
     

    Secured debt
    385,714

     
    405,240

     
    453,776

     
    478,659

    Unsecured debt
    455,000

     
    428,493

     
    380,000

     
    364,295

     Unsecured bank credit facilities
    133,328

     
    133,688

     
    99,401

     
    99,638

       Interest rate swap liabilities                                     
    3,479

     
    3,479

     
    3,314

     
    3,314

    (1) Carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions, except as explained in the notes below.
    XML 70 R20.htm IDEA: XBRL DOCUMENT v3.2.0.727
    COMPREHENSIVE INCOME
    		 6 Months Ended
    Jun. 30, 2015
    COMPREHENSIVE INCOME [Abstract]  
    Comprehensive Income (Loss) Note [Text Block]
    COMPREHENSIVE INCOME
     
    Total Comprehensive Income is comprised of net income plus all other changes in equity from non-owner sources and is presented on the Consolidated Statements of Income and Comprehensive Income. The components of Accumulated Other Comprehensive Income (Loss) are presented in the Company's Consolidated Statement of Changes in Equity and are summarized below. See Note 13 for information regarding the Company's interest rate swaps.
     
    Three Months Ended
    June 30,
     
    Six Months Ended
    June 30,
     
    2015
     
    2014
     
    2015
     
    2014
     
    (In thousands)
    ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):
     
     
     
    Balance at beginning of period
    $
    (4,892
    )
     
    592

     
    (2,357
    )
     
    1,629

        Change in fair value of interest rate swaps
    3,122

     
    (1,740
    )
     
    587

     
    (2,777
    )
    Balance at end of period
    $
    (1,770
    )
     
    (1,148
    )
     
    (1,770
    )
     
    (1,148
    )